About Us

"Samruk-Kazyna Construction" Joint Stock Company (formerly Real Estate Fund Samruk-Kazyna JSC, hereinafter referred to as the Company) was established in accordance with the Decree of the Government of the Republic of Kazakhstan dated March 6, 2009 No. 265 "On Some Measures to Solve Problems in the Real Estate Market".

The Company was registered with the registration authorities of the Ministry of Justice of the Republic of Kazakhstan on March 19, 2009. 100% of the Company's shares are owned by Samruk-Kazyna JSC (the Sole Shareholder).

The Company began its activities within the framework of the implementation of the Joint Action Plan of the Government of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan for the regulation and supervision of the financial market and financial organizations to stabilize the economy and the financial system for 2009-2010, approved by the Decree of the Government of the Republic of Kazakhstan dated 25 November 2008 No. 1085 (hereinafter referred to as the Joint Action Plan) in order to stabilize the real estate market by acquiring residential and non-residential premises in construction sites, ensuring the effective management of the said property.

In 2011, the Company continued its activities within the framework of the anti-crisis program aimed at assisting in the stabilization of the real estate market, namely, solving the problems of equity holders and completing problematic construction projects.

Since 2012, the Company has directed its resources to the implementation of the Affordable Housing 2020 program, which was later included in the Regional Development Program until 2020, approved by Decree of the Government of the Republic of Kazakhstan dated November 16, 2018 No. 767.

In 2014, the Society celebrated its first 5th anniversary. This year, a new Development Strategy was approved, aimed at increasing the long-term value of the company. The year is also significant in that within the framework of the Affordable Housing 2020 program, measures have been launched to sell housing to the population through electronic acceptance of applications.

2016, without exaggeration, became a breakthrough year for Samruk-Kazyna Construction JSC. The company was identified as one of the operators for the implementation of the state program for housing and communal development "Nurly Zher".

In 2018, the Development Strategy for 2018-2028 was approved, under which the Real Estate Fund is moving from the functions of an operator of state programs to providing services in the field of construction and real estate management for the group of companies of Samruk-Kazyna JSC. In this regard, on March 1, 2019, the state re-registration of Real Estate Fund "Samruk-Kazyna" JSC was carried out: the name, legal address were changed, the types of activities were supplemented. The new name is Samruk-Kazyna Construction JSC (hereinafter referred to as the Company).

The Company expanded its investment activities by implementing investment projects for the construction of residential complexes by concluding contracts for investment in construction, including as part of the renovation of dilapidated housing.

A new Development Strategy of the Company for 2022-2031 was approved, which provides for new types of activities, taking into account resources, a wide range of reliable partners, competence and experience for investment activities in construction and the construction industry, effective project and real estate management. Also, the implementation of the project "Plant for the production of roofing and cladding materials in Astana" has begun as part of import substitution for the production of building materials.

The Company was appointed as the Directorate within the framework of implementation of the large-scale pilot national project "Comfortable School", which has no analogues in Kazakhstan. The Company is vested with the functions of the Customer and project management.

CCPP Turkestan LLP was transferred to 100% trust management of Samruk-Kazyna Construction JSC.

The trust management agreement with Karabatan Utility Solutions LLP was cancelled

Samruk-Kazyna Development LLP became a subsidiary of Samruk-Kazyna Construction JSC with 100% share participation

From May 16, 2024 the trust management agreement with CCPP Turkestan LLP was terminated

From September 1, 2024 have been opened 26 schools under the national project ‘Comfortable School’

From September 30, 2024 a trust management agreement was concluded with PSU Turkestan LLP