Abu Dhabi-based global investment major ADQ and Kazakhstan-based investment firm Qazaqstan Investment Corporation announced the establishment of a co-investment platform focusing on a clutch of high-growth sectors.
The sectors include food and agriculture, mobility, healthcare, energy transformation and clean technology, financial services technology, and education technology.
Kazakhstan’s economic growth through ADQ collaboration
The platform aims to explore and leverage investment opportunities in Kazakhstan as well as other countries in 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 will also bring its investment expertise across a comparable range of sectors to the co-investment platform.
Qazaqstan Investment Corporation, a private equity fund with state participation, was established in 2007 to promote the growth and development of the national economy of Kazakhstan.
Through its investments, the organisation plays an increasingly prominent role in the advancement of neighboring and nearby countries, which will be further strengthened through the new platform with ADQ.
Mohamed Hassan Alsuwaidi, Managing Director and CEO of ADQ, said the co-investment platform underlines ADQ’s commitment to developing partnerships in key markets that complement its investment strategy.
“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 Caucasus region,” Alsuwaidi said.
Nurlan Baibazarov, Chairman of the Management Board of Baiterek National Management Holding JSC, the parental organisation of Qazaqstan Investment Corporation, said investment cooperation between Qazaqstan Investment Corporation and ADQ will have great potential for further economic development of the entire region.
“We are interested in developing bilateral relations with the UAE, in particular attracting direct investment to implement investment projects in the manufacturing industry and infrastructure,” he said.
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