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The concept of development strategy for 2024-2033 was presented to the Board of Directors of QIC


Development of private equity ecosystem in Kazakhstan, development of the market of alternative assets in the Central Asian region, as well as diversification of the geography of investments. These strategic directions can become the main ones for the next ten years for Qazaqstan Investment Corporation (QIC).

The concept of development strategy was presented to the Board of Directors of the corporation with the participation of Independent Directors and representatives of the sole shareholder of the corporation holding "Baiterek" during the strategic session.

Within the framework of the President's Message to the people of Kazakhstan on September 1 of this year, K.K.Tokayev noted that the main problem limiting the growth of the economy is the lack of investment. The President of Kazakhstan also instructed to carry out the structural transformation of the Baiterek holding.

According to the Global Private Equity Report 2023, over the past 19 years, the total amount of capital raised by private equity funds in the world has grown from 106 billion dollars in 2003 to 1 332 billion dollars in 2022. The most popular sectors for investors were technology, media and telecommunications. At the same time, most investors prefer to diversify their portfolio by regions and industries.

In turn, Kazakhstan is a driver of attracting investments in the region. Net inward investments to Central Asia increased by 39% and amounted to 10 billion dollars, of which 61% came from Kazakhstan. At the same time, the main focus is on the development of venture capital market, distressed assets and infrastructure projects.

"QIC actively supports the implementation of the national carbon neutrality program. The Corporation will continue to increase its portfolio of "green investments". In addition, QIC intends to introduce an assessment of ESG sustainable development factors at all stages of investment progress, which will increase the number of responsible investments, and, as a result, attract more foreign investors," - said Deputy Chairman of the Board of QIC, Moldir Zhakanova.

Given the geopolitical situation, as well as the growing popularity of the global alternative asset class market, QIC needs to follow trends and look for new investment opportunities, - said Nicholas Page, Independent Director of QIC.

Reference: Qazaqstan Investment Corporation JSC is a fund of private equity funds established in 2007 aimed at developing private equity infrastructure in Kazakhstan in order to promote sustainable economic development of Kazakhstan. It is a subsidiary of NMH "Baiterek" JSC. Read more at https://qic.kz/en/

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