Question-answer
Hotline
А А

02/29/2024

Olzhas Bektenov directs review of Baiterek Holding’s policy on supporting domestic manufacturers

04.12.2023

ADQ and Qazaqstan Investment Corporation establish co-investment platform

ADQ and Qazaqstan Investment Corporation  establish co-investment platform

·       Investments in high-growth sectors in the Central Asia and Caucasus region to facilitate economic development and strengthen ties between the UAE and Kazakhstan

Abu Dhabi, UAE – 02 December 2023: ADQ, an Abu Dhabi-based investment and holding company, and Qazaqstan Investment Corporation, the main driver of the direct investment market in the Republic of Kazakhstan, have announced the establishment of a co-investment platform focused on high-growth sectors such as food and agriculture, mobility, healthcare, energy transformation and clean technology, financial services technology, and education technology.

The platform aims to explore and leverage investment opportunities in Kazakhstan as well as other countries in the Central Asia and Caucasus region. As part of the collaboration, ADQ and Qazaqstan Investment Corporation will be committed to making equal financial and operational contributions to each investment.

ADQ is set to contribute its investment expertise across a comparable range of sectors to the co-investment platform.

As a fund of private equity funds with state participation, Qazaqstan Investment Corporation was established in 2007 to promote the growth and development of the national economy of Kazakhstan. Through its investments, the organization plays an increasingly prominent role in the advancement of neighboring and nearby countries, which will be further strengthened through the new platform with ADQ.

2 (6).jpg

H.E. Mohamed Hassan Alsuwaidi, Managing Director and CEO of ADQ, commented: “The co-investment platform underlines ADQ’s commitment to developing investment partnerships in key markets that complement our investment strategy, which allows other nations to benefit from the considerable, diverse expertise our portfolio encapsulates. We are confident that our collaboration will bring forward notable investments that will unlock tangible value and contribute to the economic growth of the UAE, Kazakhstan and the wider Central Asia and Caucus region.”

Nurlan Baibazarov, Chairman of the Management Board of Baiterek National Management Holding JSC (parental organization of Qazaqstan Investment Corporation), said: “We are interested in developing bilateral relations between Kazakhstan and the UAE, in particular attracting direct investment to implement investment projects in the manufacturing industry and infrastructure. Investment cooperation between Qazaqstan Investment Corporation and ADQ will have great potential for further economic development of the entire region.”

The UAE and the Republic of Kazakhstan have maintained strong bilateral relations in the areas of trade and economic development since 1992, which are underpinned by an increasing number of strategic partnerships between organizations in the two countries.

More news

calendar
of events

?

Didn't find
what you are looking for?

  • Официальный сайт Президента Республики Казахстан
  • Парламент Республики Казахстан
  • Официальный информационный ресурс Премьер-Министра Республики Казахстан
  • Официальный интернет-ресурс Министерства национальной экономики РК
  • Министерство промышленности и строительства Республики Казахстан
  • Electronic resources aimed at expanding the scope of the Kazakh language