OMM Newsroom
AnewZ reports that a $500 million private investment fund is being established to support business growth in Central Asia and the Caucasus. Uzbekistan is one of the fund’s six founding partners.
The Central Asia and Caucasus Private Equity Fund (CACPEF) is being established by China Investment Corporation, Oman Investment Authority, Uzbekistan’s Fund for Reconstruction and Development (UFRD), Türkiye’s OYAK, the Eurasian Development Bank (EDB) and Shenwan Hongyuan Securities. Representatives of the six institutions signed a declaration of intent at a ceremony in Beijing.
The fund aims to provide long-term financing, sector expertise and access to international business networks for companies with high growth potential in Central Asia and the Caucasus. Logistics, renewable energy, mining, food and agriculture, and healthcare are among its priority sectors. The initiative is also intended to help companies adopt new technologies and enter international markets.
The EDB said companies in the region face a shortage of long-term financing, limiting their ability to expand and reach new markets. The fund will seek to address this gap by bringing together major investors from China, the Middle East and Central Asia.
Uzbekistan’s Fund for Reconstruction and Development is a sovereign development institution. It supports economic restructuring, industrial modernization and infrastructure development in the country. The fund’s participation in the initiative strengthens Uzbekistan’s role in efforts to attract international investment and promote regional economic development.
The EDB said its participation is intended to help attract more international capital to the economies of its member countries and support the growth of companies in the region.
The initiative also reflects expanding economic ties between Oman and Central Asia. On October 6, Oman and the EDB signed an agreement setting out the basis for the bank’s operations in the Sultanate. The agreement paves the way for Oman to become the bank’s eighth shareholder and its first shareholder from the Gulf region.
The $500 million fund marks another step toward deeper financial cooperation between Gulf investors and Central Asian economies. Other institutional investors are expected to join as the founding partners complete preparations and get ready to begin investing in companies in the region.
