EABR to set up direct investment fund for Central Asia and Transcaucasia

The Eurasian Development Bank (EABR) and its partners will create a new direct investment fund to invest in promising companies in Central Asia and the Transcaucasus, the bank's press service said. The Central Asia and Transcaucasia Direct Investment Fund (CACPEF) is being set up with China Investment Corporation, the Oman Investment Authority, the Uzbekistan Reconstruction and Development Fund, Turkey's OYAK, EABR and Shenwan Hongyuan Securities.

The fund will combine the capital, experience and business ties of institutional investors from China, the Middle East and Central Asia, helping regional companies access industry expertise, technology and market resources. EABR Deputy Chairman Daniyar Imangaliyev said companies in the region need long-term capital to expand their businesses and enter new markets.

Separately, on Friday, 23 October, Uzbek President Shavkat Mirziyoyev discussed major projects with Todd Boehly, head of US investment holding company Eldridge Industries. Priority areas of cooperation are mining, metallurgy, construction and digital solutions for urban infrastructure.