This was discussed during a meeting between the Ambassador of Kazakhstan to Azerbaijan, Alim Bayel, and the General Director of the Azerbaijan Investment Holding (AIH), Ruslan Alikhanov.
The discussions centered on enhancing investment cooperation between the two nations. The meeting also touched on the implementation of the Strategic Partnership Agreement between Samruk-Kazyna JSC and AIH, signed during the state visit of Kazakh President Kassym-Jomart Tokayev to Azerbaijan on March 11-12.
Key topics included the development of the Trans-Caspian international transport route, the transit of Kazakh energy resources through Azerbaijan, and the laying of fiber-optic and deep-sea electric cables along the Caspian Sea bed.
The creation of the joint investment fund is seen as a crucial step in deepening bilateral economic ties and will help coordinate the promotion of both countries’ interests in the region. The fund will focus on facilitating investment projects in various economic sectors within both countries and possibly in third countries. It will be registered at the Astana International Financial Center and is expected to commence operations shortly.
Additionally, new initiatives involving the investment fund were also discussed at the meeting. The Azerbaijan Investment Holding, created by a presidential decree in 2020, manages state-owned companies and enterprises and is funded by the state budget. Today, it oversees 11 enterprises, including SOCAR, ADY, AZAL, ASCO, and AzerGold.
