Kazakhstan and China have established a joint investment fund

Kazakhstan and China have established a joint investment fund

The Agreement on joint Kazakh-Chinese Eurasian Nurly (Bright) Investment Fund establishment was signed on June 8, 2018 in Beijing, within the framework of the formal visit of the Head of State Nursultan Nazarbayev to the People's Republic of China. 

The Agreement was signed by Aidar Arifkhanov, Chairman of “National Managing Holding “Baiterek” JSC from the Kazakhstan party, and by the Director General of CITIC Eurasian Capital Limited Sun Yan and President of China-Eurasian Economic Cooperation Fund Lin Gang from the China party.

“The planned target amount of the fund established would be up to 500 million USD. The main investments of the Fund will be allocated to the projects implementation on the territory of Kazakhstan in various fields of the economy, including infrastructure development, processing of natural resources, logistics, information technologies, manufacturing industry and agro-industrial complex” - noted Aidar Arifkhanov.

“Kazyna Capital Management” JSC, a subsidiary of “Baiterek” Holding, will become a Kazakhstan partner in the implementation of the Agreement. Earlier a Memorandum of Understanding on the Investment Fund establishment was signed on June 7, 2017 in Astana within the framework of Shanghai Cooperation Organization Summit.

“The new Eurasian Nurly (Bright) Investment Fund will attract investments to the economy of Kazakhstan from large institutional and private investors of China - CITIC Group, China Eurasian Economic Cooperation Fund, Asia Investment Finance Group Limited and others. The signing of the Agreement is the result of our effective work to expand the sources of financing for Kazakhstani projects” - said Aset Sagimbekov, Deputy Chairman of the Management Board of “Kazyna Capital Management” JSC.

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