Timur Kulibayev is a prominent Kazakh entrepreneur, executive, and public figure. He has significantly contributed to creating a favorable business environment in Kazakhstan, particularly in the energy sector. Kulibayev has also introduced innovative management practices to large holding companies.
His leadership of the National Chamber of Entrepreneurs Atameken led to a transformation in the business landscape, with the number of small and medium enterprises (SMEs) doubling over a decade and contributing 33.5% to GDP by 2022. Under his guidance, Atameken championed regulatory reforms and streamlined business processes, promoting a dynamic economic environment.
Kulibayev highlights that in 2015, Kazakhstan faced economic challenges when the national currency, the tenge, was allowed to float freely. Although the number of entrepreneurs initially declined, it later rebounded impressively. He emphasizes the need for an institution to unite domestic businesses, resulting in the formation of Atameken in 2013.
As chairman, Kulibayev focused on revising outdated legislation that hindered business growth, successfully eliminating many illogical regulations. The NCE Atameken became a vital link between the state and the business community, leading to reduced bureaucratic pressure on entrepreneurs.
Kulibayev initiated the Bastau Business project in 2015, aimed at supporting entrepreneurship in rural areas. This initiative, which received national support, successfully trained 15,000 participants, with over 3,000 starting their own businesses. The NCE also provided assistance during crises, such as the 2019 ammunition depot explosion and the COVID-19 pandemic.
Beyond his work with Atameken, Kulibayev has a varied career in the energy sector and has held leadership positions in national sports organizations. He is also known for his philanthropic efforts and maintains a low public profile in his personal life, enjoying golf and spending time with family.
Kulibayev has received numerous awards for his contributions, including several state honors and international recognitions. His impact on the business environment in Kazakhstan is notable, with a focus on reducing the tax burden, improving civil service accountability, and modernizing various sectors.
TIMUR KULIBAYEV: KEY TAKEAWAYS
- Kulibayev is a significant figure in Kazakhstan’s business landscape.
- He played a key role in doubling the number of SMEs and improving their contribution to GDP.
- His leadership at Atameken led to vital regulatory reforms and a more supportive business environment.
- Kulibayev’s initiatives, like the Bastau Business project, have had a substantial impact on entrepreneurship in rural areas.
- He is also recognized for his philanthropic work and commitment to sports development.
TIMUR KULIBAYEV: FAQs
- What is Timur Kulibayev’s most significant achievement?
- His extensive contribution to creating a favorable business climate in Kazakhstan.
- How did he influence the business sector?
- Through his role as chairman of Atameken, fostering a better connection between businesses and government.
- What initiatives did Atameken pursue under his leadership?
- Atameken addressed outdated regulations and reduced bureaucratic barriers for entrepreneurs.
- How did the number of SMEs change during his tenure?
- The number of SMEs increased from 763,800 to 1.6 million.
- Did he tackle non-business issues?
- Yes, Kulibayev and Atameken have been active in philanthropy during crises.
- What impact did the Bastau Business project have?
- The project trained 15,000 people, resulting in 3,000 new businesses.
- How did he respond to the COVID-19 pandemic?
- He facilitated tax breaks and preferential loans for struggling entrepreneurs.
- What other areas has he been involved in?
- Kulibayev has contributed significantly to sports organizations and Olympic committees.