The Eurasian Development Bank (EDB) is creating a platform to attract investors from Gulf countries to projects in Central Asia, according to the bank’s press service.
The initiative will target sectors such as logistics and water management, while agriculture and renewable energy are also expected to draw interest. Islamic finance is expanding in Central Asia, with the market projected to reach $6.3 bn by 2033.
To support this effort, EDB has opened a representative office in the Abu Dhabi Global Market (ADGM) financial centre. The platform will offer investors from the Gulf Cooperation Council (GCC) ready-made investment solutions for Central Asia, drawing on the bank’s regional expertise and analytics.
«We are creating an ‘investment highway’ between Gulf capital and opportunities in Central Asia. The new EDB office in Abu Dhabi will strengthen our role as a bridge between regions by combining local expertise with concrete financial instruments,» said EDB Chairman Nikolai Podguzov.
The platform will also establish a credit fund to support EDB-backed infrastructure projects in Central Asia. By leveraging ADGM’s regulatory advantages, it aims to provide Gulf and international investors with a secure and convenient mechanism to invest in the region.
Kursiv also reports that Hamkorbank will receive a $70 mln loan from the European Bank for Reconstruction and Development (EBRD) to support small and medium enterprises (SMEs) in Uzbekistan.
