Kyrgyz-Kazakh investment fund to open in Bishkek

Kyrgyz-Kazakh investment fund will be created in Kyrgyzstan with the capital of $100 million, KazTAG reports. The decision to establish the fund was made in the course of negotiations of Kyrgyzstan Vice Prime-Minister Omurbek Babanov with management of Samruk-Kazyna Kazakhstan’s Sovereign Wealth Fund.“The decision was made to create a Kyrgyz-Kazakh investment fund with the capital of $100 million in Kyrgyzstan. The fund's office will be located in Bishkek. Within the coming 10 days Kazakhstan will send its experts to make a detailed review of all the issues related to creation of this investment fund,” Kyrgyzstan Government's press-service reports.The plan is that the fund will finance Kyrgyzstan business-projects in such sectors as energy, telecommunications, development of transport infrastructure, primary industries and tourism.