KIND Signs Agreements with Three Central Asian Countries: "Supporting Korean Companies’ Entry"

[Financial News] Korea Overseas Infrastructure & Urban Development Corporation (KIND) has signed six agreements with major institutions in Kazakhstan, Uzbekistan, and Kyrgyzstan. It plans to expand Korean companies’ participation in investment and development projects, including new cities, bio-industrial complexes, and airport hinterland cities.
KIND said on the 17th that it attended an economic event between Korea and Central Asia held in Seoul on the 15th and 16th and discussed ways to cooperate on infrastructure and urban development.
In Kazakhstan, KIND signed agreements with the Alatau Development Authority, Caspian Group, and Qazaqstan Investment Corporation to pursue follow-up development of Alatau Smart Town and identify investment projects. It is also pursuing a joint investment platform, including direct co-investment and the creation of funds.
In Uzbekistan, KIND discussed plans to commercialize the Tashkent Smart Bio-Cluster and Smart Aero City, an airport hinterland complex. It also signed related agreements with the Fund for Reconstruction and Development of Uzbekistan and the Agency for Development of Medical and Pharmaceutical Industries.
KIND established a foundation for cooperation with the Center for Public-Private Partnership under the National Investment Agency to identify local public-private partnership investment and development projects and expand Korean companies’ participation.
Kim Bok-hwan, president of KIND, said, "We have laid the foundation for promising projects to lead to tangible investment results and the participation of Korean companies in investment and development projects." He added, "We will continue to support Korean companies’ entry into Central Asia by identifying new projects."
[email protected] Choi Ga-young Reporter