Singapore sovereign wealth fund Temasek has again taken up shares in the Industrial and Commercial Bank of China (ICBC) that Goldman Sachs wanted to unload. Temasek’s stake in the bank rose to 7.04 per cent from 6.71 per cent after it paid HK$1.54 billion for 280 million ICBC shares. Hong Kong stock exchange data showed that Temasek paid an average of HK$5.50 per share.
Goldman raised US$2.5 billion from the sale of ICBC H shares in April last year. Temasek bought most of them, some US$2.3 billion worth. The sovereign wealth fund is keen to invest in mainland banks, and it has allocated more than half its portfolio to Asia………………………………….Full Article: Source

Temasek Holdings Pte (TMSK), Singapore’s state-owned investment company, boosted its stake in Industrial & Commercial Bank of China Ltd. for the third time in a year as Goldman Sachs Group Inc. (GS) ended an investment in the lender.
Temasek bought 280 million shares in the world’s largest bank by market value at an average price of HK$5.50 a share, or a total of HK$1.54 billion ($198 million), according to a Hong Kong stock exchange statement………………………………….Full Article: Source

Singapore state investment company Temasek Holdings Pte. Ltd. has bought a significant stake in U.K. financial data provider Markit Group Ltd., according to a press release by Markit. Temasek will take an approximately 10% stake in the investment of about $500 million, a person familiar with the matter said.
Markit was initially founded by a group of investment banks as a provider of credit default swap pricing and has since branched out into other financial markets. The original shareholders have since sold down their stakes to a variety of private equity firms and investment funds………………………………….Full Article: Source

Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has raised Rs 208.66 crore or approximately $38 million from anchor investors, including Singapore sovereign wealth fund Temasek and asset management major Fidelity.
The Mumbai-based firm, which opened its IPO on Monday, said in a filing to exchanges that it sold 3.94 million shares to 15 anchor investors at Rs 530 per share. Just Dial said it expects to raise Rs 936.8 crore through its issue, which closes on May 22…………………………………Full Article: Source

Norway’s sovereign wealth fund, Government Pension Fund Global, is investing $4 billion (Dh14.7 billion) in India and is focused in the areas of oil and gas, shipping and hydropower, Norway’s envoy to India has said.
Norwegian Ambassador Eivind S. Homme said the Government Pension Fund has a capital of $720 billion and is into petroleum. “The Pension Fund is actually a petroleum fund. It is investing $4 billion in India. The officials were in India last week,” Homme told IANS on the sidelines of an event to celebrate Norway’s Constitution Day Wednesday evening at the embassy premises………………………………………..Full Article: Source

Sovereign wealth funds from resource-rich countries controlling more than $500bn of assets operate with no disclosure, limiting their accountability and increasing the risk of corruption, a leading transparency watchdog has said.
The Revenue Watch Institute, a New York-based group backed by charitable foundations and rich-country governments, published research on Wednesday showing that eight large funds, including the investment authorities of Qatar, Kuwait and Libya, disclosed no details at all about their assets, transactions or investments……………………………………Full Article: Source

Severn Trent Plc (SVT), the U.K.’s second-largest publicly traded water company, rejected a takeover approach from Kuwait’s sovereign wealth fund and a Canadian infrastructure investor.
The proposal “completely fails to recognize the existing and potential value of Severn Trent,” the company said in a statement. Severn Trent, which supplies water to 7.7 million people, has a market value of 5 billion pounds ($7.6 billion)……………………………………Full Article: Source

Severn Trent has rejected an approach from a consortium of Canadian and Kuwaiti investors, saying the £5.3bn proposal is too low. The FTSE 100 company, which supplies water to more than 4.2m households, met with Canada’s Borealis, the Kuwait Investment Office and the Universities Superannuation Scheme yesterday, causing Severn Trent’s shares to jump 14pc.
“At that meeting, a conditional proposal was tabled by the Consortium at only a modest premium to the share price before the announcement of May 14. The board of Severn Trent has reviewed the proposal with its advisers and concluded that it completely fails to recognise the existing and potential value of Severn Trent,” the company said………………………………………..Full Article: Source

A planned flotation of Doha Global Investment Company, a £7.8 billion Qatari firm backed by assets from the Gulf state’s sovereign wealth fund, has been postponed pending necessary approvals, a senior official revealed.
Qatar unveiled plans to create the investment company in February, saying its sovereign fund arm, Qatar Holding, will transfer about £2bn worth of assets into the new firm, with a similar amount raised in an initial public offering (IPO) on the Qatar Exchange………………………………………..Full Article: Source

Developed and developing countries alike have established sovereign wealth funds (SWFs) to manage surplus state income. These funds have great potential to help fragile states manage high revenue inflows from lucrative natural resources and protect their economies from volatility and unsustainable investments.
But governments of fragile states that have recently established an SWF or are considering creating one should proceed with caution: to be successful, SWFs must be well managed, subscribe to international standards, make wise investments, and adhere to strict regulatory frameworks. Not all fragile states are capable of doing those things………………………………………..Full Article: Source

While they continue to reduce dependence on energy resources, GCC countries are increasingly spending locally and redirecting a greater portion of foreign investments back into the region. According to a report by KPMG specialists released on Thursday, the shift is due to the debt problems afflicting the European Union and the Arab Spring, among other factors.
Invesco’s Middle East Asset Management study for 2012 suggests that the value of assets allocated to sovereign wealth funds (SWFs) invested locally have increased by 10 per cent from 2011. Although GCC economies’ revenues increased by nearly 30 per cent and as the West are looking to tap into state-owned funds in the region, assets allocated to SWFs that invest abroad have declined by 1 per cent……………………………………Full Article: Source

Bahrain Mumtalakat Holding Company, the investment arm of the kingdom, hosted a dinner for former heads of states and governments attending the 31st annual plenary meeting of the InterAction Council in the kingdom. “This initiative is a continuity of the legal and regulatory reforms to create a free, open and transparent environment that will enable business in Bahrain to grow,” said Mumtalakat chief executive Mahmood Al Kooheji.
“The InterAction Council has brought together government leaders, national decision-makers, international organisation heads and influential individuals from around the world since 1983, providing a tremendous platform to address global issues,” he said……………………………………Full Article: Source

A planned stock market listing for Doha Global Investment Co, a $12 billion Qatari investment company backed by assets from the Gulf state’s sovereign wealth fund, has been postponed, a senior bourse official said on Sunday. Qatar unveiled plans to create the investment company in February and said that sovereign fund Qatar Holding will transfer $3 billion of assets into the Doha Global, with a similar amount raised in an initial public offering (IPO) on the Qatar Exchange.
The IPO has been postponed “until all requirements and approvals from the concerned authorities are obtained”, Hussein Ali al-Abdullah, acting chairman of both Qatar Holding and the bourse, said in a statement……………………………………Full Article: Source

Neiman Marcus Group Inc. is planning overtures to a handful of sovereign-wealth funds about a possible buyout of the luxury retailer, said people familiar with the deliberations.
Dallas-based Neiman plans to contact funds including the Government of Singapore Investment Corp., the Kuwait Investment Authority and the Qatar Investment Authority to gauge interest in buying the century-old department-store chain, the people said. The plans are at an early stage, the people said, and a sale may not materialize……………………………………Full Article: Source

With a steady availability of capital, Qatar’s sovereign wealth fund has been making opportunistic investments around the world, especially in Europe. Qatar Investment Authority (QIA), actively involved in making opportunistic investments, has future aims of acquiring more trophy assets and diversifying its portfolio, a report finds.
According to a report issued this week by KPMG detailing the sovereign wealth fund management trends in countries like UAE, Qatar and Kuwait, QIA’s investment strategy was described as “multi-dimensional” with the sovereign wealth fund boasting significant acquisition of assets in industries like hospitality, real estate, financial services, commodities and retail………………………………….Full Article: Source

Katara Hospitality is in talks to buy “iconic” hotels in London and Rome as the unit of Qatar’s sovereign-wealth fund seeks to more than double its properties by 2030, said Chief Operating Officer Christopher R.J. Knable.
Katara, which bought Le Royal Monceau in Paris in 2012, will open the 16th-century Peninsula Paris this year after renovations are complete, Knable said in an interview in Dubai. He wouldn’t be more specific about the hotels the company may buy. Katara Hospitality, which is owned by Qatar Holding LLC, has also signed agreements with the governments of Gambia and Maldives to develop properties………………………………….Full Article: Source

For a decade, Dubai has prospered as the Middle East’s top financial centre, handling tens of billions of dollars of oil wealth. That dominance may now be threatened as neighbouring Abu Dhabi demands a piece of the pie. Last week, Abu Dhabi outlined plans for a full-service financial zone on an island near its downtown area that will have its own administration, court system and tax incentives to lure banks and other firms from around the world.
Abu Dhabi has one of the world’s biggest sovereign wealth funds, the Abu Dhabi Investment Authority (ADIA), with assets estimated at $400-600 billion. The UAE’s two biggest banks by market value, National Bank of Abu Dhabi and First Gulf Bank, are headquartered in Abu Dhab……………………………………….Full Article: Source

International financial firms mulling a move to Global Marketplace Abu Dhabi need little reminding of the large concentration of institutional wealth based in the emirate. Some of the world’s largest sovereign wealth funds and several state pension funds are located in the capital, not least of which is the Abu Dhabi Investment Authority (Adia).
The precise size of the capital’s sovereign wealth fund is unknown, but it is one of the world’s biggest government investors and is routinely approached directly by the world’s investment banks………………………………………..Full Article: Source

The Government of Singapore Investment Corp (GIC) has taken a stake in the third-largest private equity deal of the year. The investment firm is among a group of investors that will pay US$6.9 billion (S$8.5 billion) in cash to buy American company BMC Software and take it private, according to a statement released by BMC.
The price per share works out to US$46.25, less than 2 per cent over BMC’s closing price of US$45.42 on the Nasdaq exchange last Friday………………………………………..Full Article: Source

Azerbaijan’s state oil fund SOFAZ has agreed to invest around $500 million in a new share offering by VTB, Russia’s second-largest bank, the fund said in e-mailed comments to Reuters.
VTB says it has already received firm orders for all of the 2.5 trillion shares it is selling in Moscow at 4.1 kopecks apiece, raising 102.5 billion roubles ($3.3 billion) to bolster its capital. Jamala Aliyeva, head of public relations at SOFAZ, said the fund had been investing in Russian money market instruments, fixed-income securities and commercial real estate since 2012. The VTB investment marked a further step to strengthen its presence in Russia………………………………………..Full Article: Source

Kuwait-based Asiya Investments has launched an Islamic trade finance fund with $20 million in seed capital, aiming to cater to small Asian manufacturers.
Asiya, whose largest shareholder is sovereign wealth fund Kuwait Investment Authority, aims to fill a gap left by Western banks that are scaling back their trade finance business, making credit scarce for small and medium-sized firms………………………………………..Full Article: Source

Sovereign wealth funds must be encouraged to invest in emerging markets, to make up for the drought of long-term investment. The ADB and other multilateral development banks need to “catalyze” money from sovereign wealth funds (SWFs) in order to tap into a rich seam of wealth that could help close the threatened funding gap for infrastructure and other long-term projects, a private equity specialist said.
Assets of the world’s half dozen or so major SWFs have now grown to a massive $4.6 trillion and this will soon exceed $5 trillion, according to Arvind Mathur, former head of capital markets in the ADB’s private sector department and now head of his own Indian private equity firm………………………………………..Full Article: Source

A Euromoney investigation into Abu Dhabi’s £3.5 billion investment in Barclays in 2008 revealed an astonishing insight into the battle for a portion of the £110 million fee paid by Barclays to Sheikh Mansour bin Zayed Al Nahyan, the emirate’s cornerstone investor in the bank.
The deal, the subject of an investigation by the UK’s Serious Fraud Office, raises serious questions for shareholders, relating to the structure of the deal and the ownership of the securities in Barclays. The documents also highlight how a number of strategic investors were approached to invest in Barclays by the dealmaker Amanda Staveley and her firm PCP Capital Partners………………………………………..Full Article: Source

House of Fraser has held talks with Qatari investors about a potential takeover of the UK department store chain, in further indication that the retailer is amenable to a sale. Qatari investors have a record of buying prestigious department stores in Britain, such as the 2010 acquisition of Harrods by Qatar Holding, the direct investment arm of the Qatar Investment Authority.
Qatar Holding, which owns about a quarter of the J Sainsbury supermarket chain, is not believed to be involved in any talks over House of Fraser, those familiar with the situation say………………………………………..Full Article: Source

Increasing signs of a slowdown in China–the latest manufacturing survey shows the sector is only just treading water–are blowing a chill wind over Australia’s miners. Mining makes up around half of Australia’s exports and China is by far the country’s biggest customer, accounting for nearly a quarter of Australian sales abroad.
During the past 30 years, government revenues from the UK’s North Sea oil have gone towards current consumption. The government used the windfall to cut taxes and spend more on services. Norway, by contrast, salted much of it away into a sovereign wealth fund, there to soften the blow for when the oil runs out. Its sovereign wealth fund, the biggest in the world, is worth some $730 billion………………………………………..Full Article: Source

Singapore’s principal sovereign wealth fund is close to sealing a $500m (£320m) deal to buy a stake in Markit Group, one of Britain’s fastest-growing financial services companies. I understand that Temasek Holdings, which is among the most powerful state-backed funds in the world, is now in advanced negotiations about acquiring the shareholding ahead of a US flotation of Markit.
Sky News revealed the talks between Temasek and Markit about a deal in February. It is unclear whether the Singaporean fund would acquire shares held by management or Markit’s institutional investors, but it is likely that a transaction would value the financial data provider at more than £3bn. The exact percentage that Temasek will own is yet to be determined………………………………………..Full Article: Source

Singapore’s sovereign wealth fund Temasek is set to take a stake worth around $500m (£320m) in Markit, the UK financial data provider. The state-backed fund is now in advanced negotiations about acquiring the shareholding ahead of a US flotation of Markit, according to a Sky News report.
The percentage of Markit’s equity Temasek will acquire has not been disclosed. The deal is likely to value Markit at more than £3bn………………………………………..Full Article: Source

Norway’s sovereign wealth fund, one of the world’s largest investors, urged China to open its domestic markets to foreign investors, saying it was keen to pour billions of dollars into the world’s second-biggest economy.
The head of the fund, which invests Norway’s revenues from oil and gas production for future generations, said on Tuesday it had only around $1 billion invested in China out of total holdings of $735 billion………………………………………..Full Article: Source

Russia’s second largest bank VTB yesterday announced that a group of sovereign wealth funds has backed a $3.3bn (£2.13bn) fundraising that will take the government’s stake in the lender down from 75 per cent to 60 per cent or less.
In a surprise to investment bankers, VTB used Citi and its own investment banking department to advise on the deal rather than UBS, which had been expected to win the mandate. Andrea Orcel, head of the UBS investment bank, has previously enjoyed a close relationship with VTB and most bankers expected him to get a role………………………………………..Full Article: Source

The SNB looks to have sold core euro assets in Q1 and used these funds to increase equity exposure in other countries and in the Nikkei. The other countries are said to comprise of Australia, Sweden, Denmark, Singapore and South Korea.
The big story for SNB Q2 reserves is the Fitch downgrade of the UK meaning a large decline in triple A rated fixed income assets. No doubt the SNB were getting twitchy around the Cyprus debacle when the currency was approaching 1.2100. There’s always talk that they are in the market propping up large falls but obviously these are less frequent the further we get from the peg………………………………………..Full Article: Source

France’s FSI sovereign-wealth fund said it had bought a stake in Technicolor to support the digital video specialist’s plan to cut debt and boost cash flow by 2015.The FSI fund gave no financial details, but said in a statement on Monday that it and state bank Caisse des Depots together now held 7.5 percent of Technicolor’s share capital.Caisse des Depots owned 6.3 percent of Technicolor as of March 20, implying the FSI has purchased a 1.2 percent stake.
Technicolor is in the midst of a strategic plan to cut its 1 billion-euro ($1.31 billion) debt pile and boost earnings by investing in new products including consumer media-sharing applications and digital ad services………………………………………..Full Article: Source

The Government of Singapore Investment Corporation (GIC) is launching an accelerated bookbuilding for the sale of Glencore Guaranteed Convertible Bonds worth US$250 million.
The Government of Singapore Investment Corporation (GIC) is launching an accelerated bookbuilding for the sale of Glencore Guaranteed Convertible Bonds worth US$250 million.These 5 per cent convertible bonds issued by Glencore Finance and guaranteed by each of Glencore International and Glencore AG will be due in 2014………………………………………..Full Article: Source

Qatar Holding, the Gulf country’s rich sovereign wealth fund, has made a “binding” commitment to invest in VTB Bank’s $3bn public share offering, according to the Russian lender.
VTB, Russia’s second largest lender, is issuing 2.5 trillion new shares to help boost its equity capital and strengthen its shareholder base with new strategic investors. It is expected to raise RUB102.5bn ($3.28bn)………………………………………..Full Article: Source

Russia’s second-largest lender VTB Bank said Monday its secondary public offering, scheduled for May, attracted demand from the sovereign wealth funds of energy giants Norway, Qatar and Azerbaijan.
VTB said in a statement it received “firm and binding commitments” from existing and new shareholders, including bids from Norges Bank Investment Management, Qatar Holding LLC and the State Oil Fund of Azerbaijan.VTB is planning to issue 2.5 trillion of new ordinary shares worth 102.5 billion rubles ($3.23 billion) to meet capital adequacy targets and provide funding for the continued growth of the business………………………………………..Full Article: Source

State Oil Fund of Azerbaijan, Qatar Sovereign Fund and Norway Sovereign Fund were selected as strategic investors in placement of additional share emission of VTB Bank.According to APA-Economics, the volume of the issue is RR 102.5 bln (quantity – 2.5 trilions, face value – RR 0.041).
Note that the emission has already been registered by Russian Bank. The prices are 9% lower than market quotations………………………………………..Full Article: Source

On April 26, 2013, the Supervisory Board of VTB Bank announced that it had resolved to attract new capital in amount of up to Rub 102.5bn through the issuance of 2.5 trillion new ordinary shares (”New Shares”) by way of an open subscription at a price of Rub 0.041 per Share (the “Offering”), VTB said.
The Bank of Russia has registered the decision on issue of the New Shares and the Russian prospectus on April 26, 2013………………………………………..Full Article: Source

Bahrain sovereign fund Mumtalakat said on Monday that it has no plans to sell stakes in domestic companies and could even increase its investments.
One of the smaller sovereign wealth funds in the Gulf region with $7.1 billion of assets under management at the end of September, the fund holds stakes in 40 firms in the state’s non-oil sector, including Bahrain Telecommunications Co and Aluminium Bahrain (Alba).Last year, chief executive Mahmood al-Kooheji said Mumtalakat could divest stakes in these firms to raise cash to invest in Bahrain’s economy, such as through public share sales - Alba was listed in 2010, for example………………………………………..Full Article: Source

Bahrain sovereign fund Mumtalakat said on Monday that it has no plans to sell stakes in domestic companies and could even increase its investments – but not in Gulf Air.
One of the smaller sovereign wealth funds in the Gulf region with USD$7.1 billion of assets under management at the end of September, the fund holds stakes in 40 firms in the state’s non-oil sector, including Bahrain Telecommunications and Aluminium Bahrain (Alba).Last year, chief executive Mahmood al-Kooheji said Mumtalakat could divest stakes in these firms to raise cash to invest in Bahrain’s economy, such as through public share sales - Alba was listed in 2010, for example………………………………………..Full Article: Source

VTB Group (VTBR), Russia’s second-largest lender, received enough orders from investors including sovereign wealth funds in Norway and Azerbaijan to cover a $3.3 billion share sale, said a person with knowledge of the matter.
VTB got a firm commitment to buy new shares from Norges Bank Investment Management, the world’s largest sovereign fund, as well as from Azerbaijan’s State Oil Fund and other investors, said the person, who declined to be identified as the information is private. Qatar’s wealth fund has also bought shares, Prime newswire service reported late yesterday, citing an unidentified person close to the Russian state bank’s supervisory board………………………………………..Full Article: Source

Norway’s sovereign wealth fund, the world’s largest, gained 219 billion kroner ($37 billion) in the first quarter as stocks surged amid unprecedented stimulus from central banks to boost economic growth.
The $728 billion Government Pension Fund Global returned 5.4 percent in the first three months of the year, the Oslo- based investor said today. Stocks returned 8.3 percent, while bond investments climbed 1.1 percent. Real estate investments lost 0.3 percent………………………………………..Full Article: Source

The sovereign wealth fund of Norway, amongst the world’s biggest investors, has said that it wants to participate more actively in the management of firms it has heavy investments in, such as Volvo and other firms.
The fund has under its management totalling US$728 billion and said it is aiming to become active participants of company activities such as election of board members.According to the fund’s CEO Yngve Slyngstad, “It means having an ownership in the order of 5 percent and that we find ourselves among the top five investors. Our ownership should be significant, in the order of $1 billion,”……………………………………….Full Article: Source

The Kuwait Investment Authority (KIA), the sovereign wealth fund, has long been known both for its integrity and cautious approach to investment. But several recent initiatives point to the growing difficulty of being conservative in a world of virtually zero interest rates and modest yields — and a world in which inflation is low today but may be much higher tomorrow.
The KIA recently joined forces with real estate developer Steve Ross’s Related Companies and with Oxford Properties, to provide equity in the first stage of the $15 billion Hudson Yards project in Manhattan………………………………………..Full Article: Source

The head of China’s $500 billion sovereign wealth fund criticized the U.S. process of reviewing foreign investment, calling it a slap in the face, at a conference in Washington Thursday.
Gao Xiqing, head of China Investment Corp ., said that China is “singled out” for challenge by the U.S. and isn’t regarded as an ordinary member of the international community………………………………………..Full Article: Source

China Investment Corp., the world’s fifth-largest sovereign wealth fund, is treated differently than other investors by U.S. regulators, the company’s president said in Washington.
CIC faces challenges in the U.S. and is “singled out as a different investor,” CIC President Gao Xiqing said yesterday at a conference after meetings with officials in the U.S. capital.“We thought we were friends,” Gao said. “All of the sudden, you’ve got people slapping you in the face and telling you, OK, we don’t like you.”……………………………………….Full Article: Source

The top executive of China’s $500 billion sovereign wealth fund Thursday said he is not concerned by recent data showing slower growth by the world’s second largest economy, pointing to underlining changes that show a country heading in “a much better direction.”
In a keynote speech at the Committee of 100’s 22nd Annual Conference, Gao Xiqing, Vice Chairman and President of the China Investment Corporation, also called for more action to loosen the grip of China’s powerful state-run companies on the economy, while also slamming the treatment his organization receives at the hands of U.S. regulators………………………………………..Full Article: Source

Azerbaijan’s $34 billion state oil fund plans to spend about $1 billion on real estate abroad this year, mainly in Asia and Australia, as it further diversifies a broad portfolio of foreign assets.
The state oil fund uses investment proceeds to help finance social spending and infrastructure projects. It transferred 7.04 billion manats ($9 billion) to the Azeri state budget in the first nine months of last year. The fund spent $600 million on real estate in Europe in 2012, buying office blocks in central London and Paris and a shopping complex in Moscow………………………………………..Full Article: Source

A $ 500 million sukuk from Turkiye Finans this week was just the latest in a flood of international debt issues from Turkey. But the identity of the arranging banks, and the investors who bought the issue, pointed to a shift in capital markets.
Of the four banks arranging the deal for Turkiye Finans, an Islamic bank majority-owned by Saudi Arabia’s National Commercial Bank, two were based in the Gulf: NCB Capital and Dubai’s Noor Islamic Bank. And Middle Eastern investors dominated buying of the sukuk, taking 51 percent of the deal, which received just under $ 2 billion in orders………………………………………..Full Article: Source

Norway’s sovereign wealth fund is looking into selling off shares in oil firms that work in Equatorial Guinea, where oil revenue does nothing to relieve abject poverty, the fund’s ethics council said, a list that includes Exxon Mobil. The Norwegian Pension Fund Global was Exxon Mobil’s tenth-largest shareholder at end-2012 with some 16 billion crowns ($2.7 billion) worth of shares, or a stake of 0.81 percent.
The fund, whose investments totalled $725 billion on Wednesday, invests Norway’s revenues from oil and gas production for future generations. Exxon Mobil was its tenth-largest equity holding at end-2012, according to its annual report………………………………………..Full Article: Source

Khazanah Nasional Bhd., Malaysia’s state investment company, selected three banks to help arrange a sale of as much as $1 billion of convertible Islamic bonds, said two people with knowledge of the matter.
The sovereign fund is working with CIMB Group Holdings Bhd., Deutsche Bank AG and Standard Chartered Plc on a potential offer, said the people, who asked not to be identified because the information is private. Khazanah could raise $500 million to $1 billion, though a final decision on whether to proceed has yet to be made, one person said………………………………………..Full Article: Source

Samruk-Kazyna National Welfare Fund plans to implement 83 investment projects worth over $51 billion, Tengrinews.kz reports citing the fund’s press-service.“The fund is currently taking part in implementation of 100 investment projects worth over $82 billion via its major branches. The fund is additionally considering implementation of another 83 investment projects worth $51.7 billion,” the message states.
According to the press-service, the fund is currently focusing on investment in the projects with high growth potential. They include alternative energy, chemistry and oil chemistry, transport, infrastructure, engineering, IT technologies and projects with innovative component and transfer of advanced technologies………………………………………..Full Article: Source