Estithmar Holding Q.P.SC 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.