{"id":95911,"date":"2024-09-18T00:00:00","date_gmt":"2024-09-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/gulf-capital-to-invest-in-kazakhstans-non-resource-sector-with-qic\/"},"modified":"2024-09-18T00:00:00","modified_gmt":"2024-09-18T00:00:00","slug":"gulf-capital-to-invest-in-kazakhstans-non-resource-sector-with-qic","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/18\/gulf-capital-to-invest-in-kazakhstans-non-resource-sector-with-qic\/","title":{"rendered":"Gulf Capital to invest in Kazakhstan\u2019s non-resource sector with QIC"},"content":{"rendered":"

Gulf Capital, QIC to invest in Kazakhstan + Central Asia:<\/strong> Abu Dhabi-based private equity firm Gulf Capital<\/a> inked an agreement with Kazakhstan\u2019s state-backed private equity fund Qazaqstan Investment Corporation (QIC)<\/a> to expand its portfolio companies to Kazakhstan, with support from QIC and Kazakhstan\u2019s Baiterek<\/a>, according to a QIC LinkedIn post<\/a>. The partnership aims to attract foreign direct investment flows into Kazakhstan.<\/p>\n

The agreement will see the entities set up a<\/strong> new fund<\/strong>, looking to raise USD 800 mn with QIC as an investor, according to the statement. The fund will \u201cinvest twice the amount of QIC investments in Kazakhstani projects,\u201d the statement added.<\/p>\n

Targeted sectors:<\/strong> Investments will target Kazakhstan\u2019s priority non-resource sectors, including technology and fintech, healthcare and healthtech, business services, logistics, and sustainability, including water and food security, agrotechnology, and green energy.<\/p>\n

That\u2019s not all: <\/strong>Gulf Capital plans to also offer Kazakhstani specialists in finance and investment internships in its UAE offices, in a bid to ramp up the country\u2019s human resources potential.<\/p>\n

Gulf Capital has had its eyes on Kazakhstan:<\/strong> \u201cWe have several companies operating [in Kazakhstan] in sectors such as water management, environmental services, and fintech,\u201d Gulf Capital CEO Karim El Solh said earlier this month<\/a>, adding that the firm wants to bring in healthcare, health tech, and fintech companies. \u201cThis is a large and rapidly growing market. I\u2019m particularly impressed with the region\u2019s economic diversification and momentum,\u201d El Solh said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The entities set up a new fund, looking to raise USD 800 mn for investments in Kazakhstan\u2019s priority non-resource sectors<\/p>\n","protected":false},"author":1,"featured_media":95912,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[7,100,1342,25,278],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-uae","tag-gulf-capital","tag-investment","tag-investment-watch","tag-kazakhstan","wpautop","entry"],"acf":{"mongo_id":"bcd7205c-4596-4422-a880-8c70cb072a91","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1256.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gulf Capital to invest in Kazakhstan\u2019s non-resource sector with QIC","related_issue":[95904],"teaser":"The entities set up a new fund, looking to raise USD 800 mn for investments in Kazakhstan\u2019s priority non-resource sectors","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.10252e33-091b-40a9-ade8-871f2c51db86.mp3"},"yoast_head":"\nGulf Capital to invest in Kazakhstan\u2019s non-resource sector with QIC - 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