Abu Dhabi Kyrgyz Investment OJSC was created by the decision of the Cabinet of Ministers of Kyrgyzstan. Press service of the Cabinet reported.
The company was created to establish sustainable interaction between Kyrgyzstan and the United Arab Emirates (UAE) and mobilize additional financial resources. Thanks to it, it is planned to attract investments from the UAE to the economy of Kyrgyzstan.
In addition, Abu Dhabi Kyrgyz Investment OJSC will focus on financing projects aimed at developing infrastructure and energy, supporting exports, attracting new technologies, modernizing industry, creating a value chain and development of regions.
The Ministry of Economy and Commerce of Kyrgyzstan is a co-founder of Abu Dhabi Kyrgyz Investment OJSC. The authorized capital of the company will be $100 million, with subsequent investments up to $1.2 billion. The paid-in capital will amount to 5 percent of the authorized capital for the initial establishment of Abu Dhabi Kyrgyz Investment. Kyrgyzstan and the UAE will pay the authorized capital of $2.5 million each.
