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– Bulat Utemuratov’s group donates around $30 million to support flood recovery efforts

ALMATY, Kazakhstan, May 21, 2024 /PRNewswire/ — Bulat Utemuratov’s group has donated around $30 million to help residents of regions of Kazakhstan affected by some of the worst flooding in a century. The donation, comprised of $24.2 million from Bulat Utemuratov’s Foundation, a $4.5 million donation from Beeline Kazakhstan and RG Gold, and a $1.1 million donation from Alidar Utemuratov, will be used to provide financial support, restore vital infrastructure and rehouse local residents who have been left homeless in the Aktobe and Akmola regions.

More than 440 families displaced by floods in the Aktobe region and 50 families in the Akmola region will receive the keys to their new homes in the coming months. Last week, the Bulat Utemuratov Foundation handed over 34 houses to affected families in cities located in the Aktobe region, including Kobda, Uil and Alga. This week, 31 families from the Aktobe region and 20 families from the Akmola region will receive the keys to their new homes. The entire process of transferring houses and apartments in both regions will end at the end of August 2024.

Bulat Utemuratov commented: “The state is working intensively to return thousands of our fellow citizens affected by the floods to normality as soon as possible and our task is to support these efforts in every possible way. I am glad that we are already making a great effort, with families in Aktobe and Akmola regions receiving new homes and more to come soon.”

Humanitarian aid is a key principle of the Foundation’s work and is evident in the efforts of its portfolio companies. The Foundation’s Aid Card project continues to provide financial assistance to people in areas affected by floods, fires and dam failures. Last year, the Foundation donated $5 million to earthquake victims in Turkey, along with $1 million to support families of victims of the Kostenko mine disaster.

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