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KAZAKH INVEST and Kazyna Capital Management (KCM) signed the Cooperation Agreement

KAZAKH INVEST and Kazyna Capital Management (KCM) signed the Cooperation Agreement

Today Chairman of KAZAKH INVEST National Company Board of Directors – Saparbek Tuyakbayev – and chairman of Kazyna Capital Management JSC Board of Directors – Ardak Kassymbek – have signed the Cooperation Agreement.

The Agreement covers a wide range of bilateral cooperation areas, which includes among other things formation of a prospective investment projects map; attracting of strategic and financial investors to KCM direct investments funds including attracting through involvement of Kazakh Invest representative offices abroad. A special important aspect of the agreement is development of co-investment to Kazakhstan projects to be implemented by KCM portfolio funds and by foreign investors to be involved by Kazakh Invest.

The document will become an important instrument for advancing of business competitive ability in the Republic of Kazakhstan, will create the basis for development of tight commercial ties and for increase in volume of bilateral investments and technologies transfer.

Saparbek Tuyakbayev has proposed to actively participate in events to be organized by the Company abroad with the purpose of attracting investors to Kazakhstan, which is the main purpose of this Agreement.

“The document will become an important instrument for increase in competitive ability of business in the country, which will create the basis for development of tight commercial relations with foreign partners, for transfer of technologies and for increase in volume of foreign investments to economy of the Republic of Kazakhstan”, - stated Chairman of KCM Board of Directors – Ardak Kassymbek.

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