Comprehensive Privatization Plan to be revised by 2025

Kazakh Government will revise the Comprehensive Privatization Plan by 2025. The relevant proposals were considered at a meeting of the State Commission for the Modernization of the Economy. To date, 721 organizations are included in the privatization plan, 230 of which were sold, and about 50 are at the stage of liquidation or reorganization. At the same time, legislative amendments are being worked out to prohibit the sale of assets below the book value, to prevent the affiliation of the buyer and seller, as well as to maintain state control over strategically important objects. In addition, it is proposed to include new organizations in the Comprehensive Plan. Their transfer to a competitive environment will give a positive economic effect. It is planned to bring some of these companies to the market through the IPO of portfolio companies of the Samruk-Kazyna Fund.