We are glad to provide you with the annual report on activities
of Samruk-Kazyna Construction JSC for 2020.
In 2020, the Company continued to implement the new
Development Strategy, having proved itself as a reliable
organization that implements the important tasks of
the Sole Shareholder. The reliability and stability of
the Company is confirmed by the ratings of the international
rating agencies – Fitch Ratings Ltd. (‘BB’ rating with a Stable
outlook) and Analytical Credit Rating Agency (‘BB +’ credit
rating with a Stable outlook).
Summing up the results of 2020, we can note a positive
trend in the main performance of the Company. So, in
2020, the construction of 16 houses of VOSTOCHKA.KZ
residential complex in Almaty City and 3 residential buildings
in Ust-Kamenogorsk City was completed. In addition, in
2020, the company reduced its liabilities by 16% compared
to the previous year due to the full repayment of the loan
under the Anti-Crisis Program, partial repayment of loans
under the lease area of Nurly Zher program and within
the framework of the project Zeleny kvartal to SamrukKazyna JSC, as well as on bonds issued by the
Company
to early repay the debt in the direction of commercial
housing of Nurly Zher program. At the same time, as part
of the execution of the instructions of the Head of State,
the company decided to grant a deferral for repayment
of rental payments until the end of the reporting year in
connection with the introduction of a state of emergency in
the Republic of Kazakhstan.
In 2020, much attention was paid to projects being
implemented on behalf of the Sole Shareholder, in which
the Company was involved as a provider of engineering
services for technical supervision and project management.
So, in 2020, the Stadium for 7000 seats, the Palace of
Schoolchildren, the Congress Hall, H.A. Yassaui Museum,
the Digital Office in Turkestan City, as well as the Kazakh
Drama Theatre and the Athletics Sports Complex in NurSultan City were commissioned.
In order to further increase the availability of comfortable
housing and the development of housing infrastructure,
from the 2nd half of 2020, the Company made corporate
decisions to finance the construction of residential
complexes in the cities of Aktobe and Nur-Sultan.
The company continues to successfully fulfil all
the tasks assigned to it in key areas of activity as part of
the implementation of the strategy until 2028. I am sure
that the company will take into account current trends and
prospects of economic development.
Ye. Zhanadil
