JSC NC KTZ and Mubadala Investment Company signed a package of agreements

In preparation for the Prime Minister of the Republic of Kazakhstan A.U. Mamin’s visit to the United Arab Emirates, a package of agreements was signed between JSC NC KTZ and the global investment company of Abu Dhabi Government Mubadala Investment Company.

Documents aim to transfer 50 percent stake of KIF Warehouses LLP, which owns a modern Class A warehouse complex on the territory of the SEZ Khorgos Eastern Gates in the Almaty region, to KTZ Express JSC, a subsidiary of NC KTZ JSC.

Deputy Chairman of the Management Board for Logistics of NC KTZ JSC Pavel Sokolov, Chairman of the Management Board of Kazyna Capital Management JSC and Chief Lawyer of Mubadala Rodney Cannon signed the agreements.

In 2018, Mubadala Investment Company together with Baiterek NMH JSC, based on a joint investment platform, financed on a parity basis about 17 million US dollars for the warehouse complex construction in a key transport hub located along the New Silk Road.

The launch of the warehouse complex is expected to increase the export and transit potential of the Republic of Kazakhstan. The most modern logistics services will be offered for business at the border of the Republic of Kazakhstan and the People's Republic of China.

The agreements reached will give an additional impetus to further long-term economic cooperation between the Republic of Kazakhstan and the United Arab Emirates.