Azerbaijan, Kazakhstan to establish investment fund of $300 million

Chairman of the Management Board of Samruk-Kazyna JSC Nurlan Zhakupov has said that Azerbaijan and Kazakhstan plan to create an investment fund of $300 million.

According to him, the investment fund will finance projects of interest to both countries, Report informs.

"The fund will also provide financing of priority projects in various sectors of economy of Central Asian countries, Bulgaria, Hungary, Romania and Türkiye. This will strengthen Kazakhstan's cooperation with Azerbaijan and will bring us income. Because it will be a purely commercial investment fund," Zhakupov noted.