Creation of the Ukraine-UAE Sovereign Fund

by Meifan Honcharuk
Tuesday, June 14, 2023
Creation of the Ukraine-UAE Sovereign Fund

The State Property Fund of Ukraine and the "Contango" consulting company of the "ADQ" sovereign fund of UAE concluded a memorandum of cooperation

On June 10, a delegation from the consulting company Contango, which is part of the largest sovereign fund of the UAE ADQ, was in Kyiv. The team was headed by Contango СEO Tansel Kilikarslan. As a result of negotiations with representatives of the Ukrainian State Property Fund, a memorandum was signed on cooperation in the creation of our own sovereign fund.

"The creation of the sovereign fund is an important step for us in ensuring sustainable development and optimisation of state property management. This fund will fulfil the role of a strategic investment tool aimed at preserving and increasing national wealth," Rustem Umerov, head of the Ukrainian Fund.

Contango will provide USPF with analysis, consultation and support in optimising operations as part of the memorandum. Foreign experience will help the Ukrainian fund to review and transform its path.

You will be interested