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Baiterek Holding and Forebright Capital Asia Private Limited forge pact to establish investment fund

Baiterek Holding and Forebright Capital Asia Private Limited forge pact to establish investment fund

     During the Kazakh-Singapore business forum, Baiterek National Management Holding, through its subsidiary Qazaqstan Investment Corporation, inked an investment pact with Singaporean company Forebright Capital Asia Private Limited. The agreement entails the establishment of a collaborative fund aimed at investing in cutting-edge projects within the realm of multi-omics technologies and synthetic biology.

     This fund will prioritize research aimed at preventing and managing birth defects, as well as implementing comprehensive newborn screening initiatives. Its geographical scope encompasses nations across the Middle East, Europe, and Asia, with a particular focus on Kazakhstan.

     The agreement was formalized by Rustam Karagoishin, Chairman of the Board of Baiterek Holding, and Liu Cheng, Chairman of the Board of Forebright Capital Asia Private Limited.

     "Today's agreement to establish the fund exemplifies our strategy of investing in global innovation and fostering partnerships. I seize this opportunity to encourage Singaporean businesses to strengthen and broaden our collaboration. Baiterek Holding stands prepared to serve as a dependable partner for business ventures between Kazakhstan and Singapore," stated Rustam Karagoishin.

     As part of the agreement, educational programs will be implemented for medical professionals and researchers in Kazakhstan, along with internships for Kazakhstani students and undergraduates in the healthcare sector.

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