Estithmar Holding and Kazakhstan Investment Development Fund sign MoUs to explore future collaborations in the Hospitality, Healthcare and Public Private Partnerships sectorsOctober 13, 2022
Estithmar Holding Q.P.SC has announced the signing of three MoUs with Kazakhstan Investment Development Fund (KIDF) Management company to collaborate on establishing Hospitality, Healthcare and Public Private Partnership projects in Kazakhstan.
Estithmar’s arm for Tourism and Hospitality Development “Estithmar Venture” will cooperate with (KIDF) on the development of two new hospitality projects located on the sandy shores of the Caspian Sea. In addition, Estithmar with collaborate with Kazakhstan Investment Fund to establish a medical facility through its subsidiary “Elegancia Healthcare” in the city of Astana.
The MoUs were signed at the Kazakhstan- Qatar Investment forum by Mr. Nurlan Zhakupov, Chief Executive Officer of the Kazakhstan Investment Development Fund and Dr. Henrik Halager Christiansen, Group Chief Executive Officer of Estithmar Holding.
Commenting on the event, Dr. Christiansen of Estithmar Holding said: “I am delighted to inaugurate this important and strategic partnership with KIDF in expanding our business investment portfolio globally.”
Furthermore, Mr. Moutaz Al-Khayyat, Chairman of Estithmar Holding said: “Building on the strong and strategic relations between Qatar and Kazakhstan, and based on Estithmar market expansion strategy, the signing of the agreements present an essential partnership that supports the growth of foreign investments.”
Estithmar Holding is a dynamic group of companies offering reliable, sustainable and quality services to companies across a diverse range of sectors. From healthcare to services, ventures, contracting and industries, we relentlessly pursue excellence and innovation, increasing value to businesses who can advance that value to their end-users.