Singapore and Kazakhstan enhance economic cooperation with services and investment agreement

Ministry of Trade & Industry, Singapore

Singapore’s commercial interests in Kazakhstan are in the master-planning, logistics and connectivity, innovation, consumer goods, infrastructure, as well as the oil and gas sectors. Notable Singapore companies that have undertaken activities in Kazakhstan include:

Quest Ventures is backed by the Kazakhstan sovereign wealth fund – Qazaqstan Investment Corporation (QIC formerly known as QazTech Ventures). QIC’s investment into Quest Ventures saw the catalytic development of the Central Asia startup and innovation ecosystem with Kazakhstan at its node. Through direct investments and programmes such as the Kazakhstan Digital Accelerator (a comprehensive programme with seed funding jointly developed by QIC and Quest Ventures), Quest Ventures is currently Central Asia’s largest and most active investor by number of investments made.


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