QIC and ADQ establish co-investment platform

Investments are planned to be directed to fast-growing sectors to promote economic development and strengthen ties between Kazakhstan and the UAE.

Qazaqstan Investment Corporation (subsidiary of Baiterek National Holding JSC), operator of the private equity market in the Republic of Kazakhstan  and ADQ, an Abu Dhabi-based investment and holding company, have announced the establishment of a co-investment platform.  The platform is focused on fast-growing non-resource sectors in the manufacturing industry, renewable energy sources, agro-industrial complex, healthcare, financial services technologies and education, etc.

The platform aims to explore and leverage investment opportunities in Kazakhstan as well as other countries in the 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 is set to contribute its investment expertise across a comparable range of sectors to the co-investment platform.  

H.E. Mohamed Hassan Alsuwaidi, Managing Director and CEO of ADQ, commented: “The co-investment platform underlines ADQ’s commitment to developing investment partnerships in key markets that complement our investment strategy, which allows other nations to benefit from the considerable, diverse expertise our portfolio encapsulates. 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 Caucus region.”

Nurlan Baibazarov, Chairman of the Management Board of Baiterek National Management Holding JSC (parental organization of Qazaqstan Investment Corporation), said: “We are interested in developing bilateral relations between Kazakhstan and the UAE, in particular attracting direct investment to implement investment projects in the manufacturing industry and infrastructure. Investment cooperation between Qazaqstan Investment Corporation and ADQ will have great potential for further economic development of the entire region.”

About ADQ

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn and X.

About Qazaqstan Investment Corporation (QIC)

Qazaqstan Investment Corporation JSC is a fund of private equity funds created to promote the sustainable development of the national economy. Our activities are aimed at forming private equity infrastructure in Kazakhstan, attracting foreign investment in priority sectors of the economy, using leading international experience and transferring innovative knowledge and technologies to private equity.

For more information on QIC, visit http://www.qic.kz/en/