Investments proposed in high-growth sectors to facilitate regional economic development
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.
Promoting growth
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.
“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,” commented Mohamed Hassan Alsuwaidi, Managing Director and CEO, ADQ.
“Investment cooperation between Qazaqstan Investment Corporation and ADQ will have great potential for further economic development of the entire region,” remarked Nurlan Baibazarov, Chairman of the Management Board, Baiterek National Management Holding, the parent company of Qazaqstan Investment Corporation.