ASTANA – Kazakhstan has allocated 12 billion tenge ($24.6 million) from illegally recovered assets to finance social projects, the Asset Recovery Committee reported on October 28.

Photo credit: gov.kz

The four agreements signed with the registration entities included a project to build a modern cultural center in Almaty, covering more than 3,000 square meters with specialized and universal halls, such as exhibition spaces, educational venues and leisure areas. The center will offer free rehearsals and master classes to socially vulnerable groups.

Another project concerns a multi-storey residential building in Shymkent, which will be transferred to the state to be able to accommodate more vulnerable families.

Previously, the Kazakh government assigned funds from returned assets to build a sports complex in the Akmola region and renovate a music school in the Turkistan region.