Kazakhstan and China to form join investment fund

 

Kazakhstani national holding Bayterek has signed a memorandum with the Export-Import Bank of China to create a join investment fund. The document was signed within the framework of Chinese Prime Minister Li Keqiang’s visit to Kazakhstan, Trend reports.Formation of the fund was discussed at a SCO session. It will consist of capital from the China-Eurasia Economic Development and Cooperation forum, initiated by the Export-Import Bank of China. The China-Eurasia Economic Development and Cooperation forum and Bayterek will own 50% of the fund each. Preliminary capitalization of the fund will total $500 million.The fund will invest in infrastructure, mining, processing industry, energy, logistics, agriculture, information technologies and other sectors.

 

Kazakhstani national holding Bayterek has signed a memorandum with the Export-Import Bank of China to create a join investment fund. The document was signed within the framework of Chinese Prime Minister Li Keqiang’s visit to Kazakhstan, Trend reports.

Formation of the fund was discussed at a SCO session. It will consist of capital from the China-Eurasia Economic Development and Cooperation forum, initiated by the Export-Import Bank of China. The China-Eurasia Economic Development and Cooperation forum and Bayterek will own 50% of the fund each. Preliminary capitalization of the fund will total $500 million.

The fund will invest in infrastructure, mining, processing industry, energy, logistics, agriculture, information technologies and other sectors.