The Eurasian Development bank and Samgau National Science and Technology Holding sign a memorandum on cooperation
The Eurasian Development Bank (EDB) and Samgau National Science and Technology Holding signed a memorandum on Tuesday in Astana on cooperation. The document was signed by the EDB’s Vice CEO, Mr. Bolat Zhamishev, and Samgau’s CEO, Mr. Azamat Abdymomunov.
The parties aim to cooperate in order to facilitate the implementation of medium- and long-term investment and infrastructure projects meant to improve infrastructures, increase the output of high-tech products with high added value, as well as create new jobs in the information and communications industry, science, industry, energy, transport and other economic sectors focused on the development of Kazakhstan’s scientific and technological potential, according to the document.
The EDB and Samgau have common interests and intend to work together to finance investment and infrastructure projects, as well as export operation within the Republic of Kazakhstan and the Russian Federation. The parties have also agreed to exchange information about investment projects, and to exchange experience and knowledge.
About the signatories
The Eurasian Development Bank is an international financial organization instituted by Russia and Kazakhstan in January 2006 in order to stimulate development of market economies in its member countries, as well as their sustainable economic growth and expansion of mutual trade and economic ties. The EDB is dedicated to becoming one of the key components of the financial infrastructure in Eurasia, serving as an effective investment mechanism for the development of cooperation among member countries, facilitating deeper integration processes and aligning the levels of socio-economic development in the countries in the post-Soviet space. The Bank was created per an initiative of the Presidents of the Russian Federation and the Republic of Kazakhstan. The EDB’s charter capital currently amounts to USD 1.5 billion.
The Bank is open to new members, and other countries and international organizations are welcome to joint the EDB’s Founding Agreement.
Samgau National Science and Technology Holding was founded in line with an order issued by the President of the Republic of Kazakhstan in order to create favourable conditions for the country’s scientific and technological development.