BAKU, Azerbaijan, Apr. 29
By Nargiz Sadikhova - Trend:
Russian Direct Investment Fund, Kazakhstan Investment Development Fund, and Mubadala Investment Company will cooperate on identifying investment opportunities and joint investments in projects in Kazakhstan, Trend reports citing the Russian Direct Investment Fund (RDIF).
Within the framework of the Eurasian Intergovernmental Council in Kazan (Russian Federation), a Memorandum of Understanding was signed on April 28, 2021, between the Russian Direct Investment Fund (RDIF), Kazakhstan Investment Development Fund (KIDF) Management Company Ltd. and Mubadala Investment Company.
Within the framework of the Memorandum, cooperation is planned on identifying investment opportunities and joint investments in projects in Kazakhstan in accordance with the mandates of each party.
The Memorandum is expected to play a crucial role in the development of the non-resource potential of Kazakhstan.
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy.
Kazakhstan Investment Development Fund (KIDF) Management Company Ltd. is a management company of a state direct investment fund established in 2019 and registered at the Astana International Financial Center, which is governed by the principles of English law.
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.