Azerbaijan, Kazakhstan Go Over Joint Investment Fund Projects

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 19. Azerbaijan andKazakhstan discussed initiatives involving their joint investmentfund, Trend reports.

According to Azerbaijan Investment Holding (AIH), AIH CEO RuslanAlikhanov met with the Ambassador of Kazakhstan to Azerbaijan, AlimBayel.

The meeting also explored prospects for expanding investmentcooperation between the two countries, including the implementationof the Strategic Partnership Agreement between Samruk-Kazyna andAIH.

The AIH emphasized that the Azerbaijan-Kazakhstan fund willbroaden opportunities for carrying out key investment projects invarious sectors of the economy, both within and beyond the bordersof both countries.

In this context, both sides highly appreciated the ongoing jointprojects, which have significant geo-economic importance for bothcountries and the entire region.

Special attention was paid to the joint development of theTrans-Caspian International Transport Route (TITR, or MiddleCorridor), the transit of Kazakh energy resources throughAzerbaijan's territory, the laying of fiber-optic communicationlines (FOCL) along the bottom of the Caspian Sea, and agreementsreached regarding the laying of a submarine power cable along theCaspian Sea bed.

Earlier, an article was published on theAzerbaijan-Kazakhstan investment fund.

Meanwhile, the AIH was established by Azerbaijan's PresidentialDecree dated August 7, 2020, for the purpose of managingstate-owned companies and enterprises, as well as business entitieswith a state share, on the basis of common principles. The holdingis financed by the state budget.

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