BISHKEK, Kyrgyzstan, December 4. The Minister of Economy and Commerce of Kyrgyzstan, Daniyar Amangeldiev, and the Director-General of the Abu Dhabi Fund for Development (ADFD), Mohammed Saif Al Suwaidi, have signed the statutory and constitutional documents for "Abu Dhabi Kyrgyz Investment" joint holding company, Trend reports.
The major goal of forming the joint-stock company is to attract direct investments from the UAE into the Kyrgyz economy in order to support important investment projects.
The organization will fund projects in the energy sector, agriculture, infrastructure, export development, new technology implementation, industrial modernization, and other areas.
The company's authorized capital will begin at $100 million, with future increases possible. The company's management will be governed by a Board of Directors comprised of officials from Kyrgyzstan and the Abu Dhabi Development Fund. The headquarters of the company will be in Kyrgyzstan.
After the signing ceremony, President of Kyrgyzstan Sadyr Zhaparov held a meeting with Mohammed Saif Al Suwaidi. During the meeting, the head of state emphasized Kyrgyzstan's significant commitment to nurturing friendly relations with the UAE and striving to develop and strengthen mutually beneficial cooperation across all sectors, particularly in trade, economics, and investment.
President Zhaparov expressed confidence that "Abu Dhabi Kyrgyz Investment" would serve as a prime example of investment collaboration between Kyrgyzstan and the UAE.
