ASTANA, Kazakhstan, March 17. The aggregate output of cutting-edge offerings has experienced a substantial uptick, escalating from 1.1 trillion tenge ($2.2 billion) to 2.4 trillion tenge ($4.8 billion) over the preceding five-year period, said Prime Minister of Kazakhstan Olzhas Bektenov in his article summarizing the results of President Kassym-Jomart Tokayev's presidency over the last six years, Trend reports.
"In alignment with the directives from the Presidential office,
the establishment of the Qazaqstan Venture Group's venture fund has
been initiated, strategically located at the Astana International
Financial Center, with an ambitious target financing volume set at
$1 billion," the statement reads.
The report indicates that the fund will strategically allocate
capital towards disruptive initiatives within the Kazakhstan and
Central Asia ecosystems. This year, Kazakhstan anticipates the
launch of the International Artificial Intelligence Center Alem.ai,
which is poised to catalyze the rapid digital transformation of the
nation.