Atkins signs cooperation deal with Kazakh sovereign wealth fund


Atkins has signed a Memorandum of Understanding with Kazakhstan’s sovereign wealth fund Samruk-Kazyna to establish and develop long-term cooperation in design and implementation of major infrastructure projects. The agreement is for an extendable period of 12 months, covering potential projects around the Kazakhistani capital of Astana and Aktau, the country’s biggest seaport. It is focused on the future provision of multidisciplinary design, project management and engineering services.

The agreement was signed today (1 July) as part of UK Prime Minister David Cameron’s visit to Kazakhstan by Prof Dr Uwe Krueger, Atkins’ chief executive officer, and Umirzak Shukeyev, chairman of Samruk-Kazyna’s Management Board.

Prof Dr Uwe Krueger, Atkins’ chief executive officer said: “We recognise Kazakhstan’s ability and ambition to upgrade its infrastructure network to benefit business and its people and we are exploring ways in which we can support that. The first step is our agreement with sovereign wealth fund Samruk-Kazyna which is responsible for some $78 billion of the country’s assets including energy, transport and telecommunications. This is a developing relationship and we will be assessing how we build on that in the future, in particular around the sustainable growth of Kazakhstan’s most important sectors and infrastructure.”

Commenting on today’s announcement, UK Trade and Investment Minister Lord Green said: "Kazakhstan is emerging as the dominant economy in central Asia and offers many opportunities for British businesses small and large across a wide variety of sectors. This first ever visit by a UK Prime Minister demonstrates our commitment to strengthen the trade and investment links between our two countries.  I am delighted that Atkins has secured this Memorandum of Understanding in Kazakhstan and I wish them every success."

Kazakhstan has a population of some 17 million people, with a growing economy and an urgent need to upgrade its infrastructure in order to benefit business and its communities. It is an oil producing country and became the first former Soviet state to receive an investment grade credit rating in 2002. According to the Asian Development Bank, the country should expect growth in the region of 5.3 per cent in 2013.




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Notes to editors:

Atkins ( is one of the world's leading design, engineering and project management consultancies*, employing some 18,000 people across the UK, North America, Middle East, Asia Pacific and Europe. Over 75 years, from post-war regeneration and the advent of nuclear engineering to high speed rail and the integrated sustainable cities of the future, our people’s breadth and depth of expertise and drive to ask why has allowed us to plan, design and enable some of the world’s most complex projects.

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