China, Kazakhstan create joint investment fund

Business Materials 9 June 2018 12:44 (UTC +04:00)

Baku, Azerbaijan, June 9

By Ali Mustafayev – Trend:

China and Kazakhstan signed an agreement on creation of a joint Eurasian Nurly (Bright) Investment Fund.

The agreement was signed by Aidar Arifkhanov, Chairman of the Board of Kazakh "National managing holding company «Baiterek»" JSC, the General Director of CITIC (China International Trust Investment Corporation) Eurasian Capital Limited Sun Yang and the President of the China-Eurasian Economic Cooperation Fund Lin Gang, the press service of the"National managing holding Baiterek JSC said in a message.

"The planned target size of the fund will amount to $500 million. The fund's main investments will be directed to the implementation of projects in various sectors of the Kazakh economy, including infrastructure development, processing of natural resources, logistics, information technologies, manufacturing industry and agro-industrial complex," said Arifkhanov.

The Kazyna Capital Management JSC, a subsidiary of the Baiterek holding, will implement the agreement from the Kazakh side.

"The new Eurasian Nurly (Bright) Investment Fund will attract investments into the Kazakh economy from large institutional and private Chinese investors, including CITIC Group, China Eurasian Economic Cooperation Fund, Asia Investment Finance Group Limited and etc. The signing of the agreement is the result of our fruitful work to expand the sources of financing for Kazakh projects," said Aset Sagimbekov, Deputy Chairman of the Management Board of Kazyna Capital Management JSC.


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