ADQ, an Abu Dhabi-based investment and holding company, and Qazaqstan Investment Corporation have established 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.
Qazaqstan Investment Corporation is the main driver of the direct investment market in the Republic of Kazakhstan. The platform aims to explore and leverage investment opportunities in Kazakhstan as well as other countries in Central Asia and the 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.
“The co-investment platform underlines ADQ’s commitment to developing 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.”
ADQ is set to contribute its investment expertise across a comparable range of sectors to the co-investment platform, as per the statement.
Mr. Nurlan Baibazarov, Chairman of the Management Board of Baiterek National Management Holding (parental organization of Qazaqstan Investment Corporation), said that, “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.”