The EDB and Samruk-Kazyna Invest sign a memorandum of cooperation

11 February 2020

Nur-Sultan, 11 February 2020. The Eurasian Development Bank (EDB) and Samruk-Kazyna Invest signed a memorandum of cooperation to implement projects in Kazakhstan. The parties intend to share information about promising analytical, statistical and legal investment, best practices in project planning and implementation, and cooperation with international development institutions.

“We are interested in preparing and running investment projects in Kazakhstan, particularly those with an integration component. We will conduct joint expert research and use its results to develop such projects. Our partnership is aimed at fostering long-term, efficient and mutually beneficial cooperation,” Amangeldy Issenov, Deputy Chairman of the EDB Management Board, comments.

Nurzhan Adbymomunov, General Director of Samruk-Kazyna Invest: “At the meeting, we discussed key areas of cooperation, including green energy as the most interesting area of work to us. The Eurasian Development Bank is undoubtedly irreplaceable in improving sector-specific projects in all regions of its member states. Samruk-Kazyna Invest, in turn, is highly interested in building a comfortable environment for direct investment in Kazakhstan. We are also ready to consider joint projects and looking forward to developing long-term and fruitful cooperation with the Eurasian Development Bank.”

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)      

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

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