Azerbaijan, Kazakhstan creating $300M investment fund

Azerbaijan and Kazakhstan plan to create an investment fund worth $300 million, said Chairman of the Samruk Kazyna Sovereign Wealth Fund Nurlan Zhakupov on the sidelines of the meeting between the presidents of Kazakhstan and Azerbaijan in Baku, Report informs referring to The Astana Times.

According to Zhakupov, the investment fund will finance projects of interest to both states. The fund will also allow the financing of priority projects in various sectors of the economies of Central Asian countries, including Bulgaria, Hungary, Romania, and Türkiye.

“This will strengthen Kazakhstan’s cooperation with Azerbaijan and will certainly bring us good profits, because it will be a completely commercial investment fund,” Zhakupov said.