03.03.2023

Kanat Sharlapayev meets with top managers of QIC

On March 3, 2023, Kanat Sharlapayev, Chairman of the Board of Baiterek Holding, had a meeting with the employees of Qazaqstan Investment Corporation (QIC). During the meeting, Ainur Kuatova, the Chairman of the Board of QIC, presented the key results of their activities and plans for the current year.
Kuatova shared that QIC contributes to 17 funds with a total investment of $2.4 billion. The largest share in the QIC investment portfolio is being occupied by the transport and logistics sector at 40%, followed by the agro-industrial complex at 23% and energy at 15%. The Corporation funds 60 projects, with 96% of them being based in Kazakhstan. Additionally, all investments made by QIC are in the non-oil sector of Kazakhstan. QIC attracts $2.1 from international partners for every $1 invested.
Furthermore, in 2022, QIC became the first quasi-public financial institution in the Commonwealth of Independent States (CIS) to join the leading international network of institutional investors committed to implementing ESG (environmental, social, and governance) standards in their activities, called the UN-supported Principles for Responsible Investment (PRI).
For 2023, the Company plans to create new funds with large international investors and finance projects in the manufacturing sector through QIC captive funds.
Kanat Sharlapayev supported the initiatives proposed by QIC and emphasized the importance of QIC in forming the private equity infrastructure in Kazakhstan.