Alsim Alarko Sanayi Tesisleri ve Ticaret A.S., Makyol Insaat Sanayi Turizm ve Ticaret A.S., SK Engineering & Construction Co., Ltd. and Korea Expressway Corporation, have established the BAKAD Investment and Operation Limited Liability Partnership in the Republic of Kazakhstan in the form of a limited liability partnership to carry out any kinds of activities related to (i) development, financing, engineering, construction, commissioning, operation and maintenance of the “Big Almaty Ring Road (BAKAD)” project (the “Project”), and (ii) exercising of the rights vested to and fulfillment of the obligations assumed under the concession agreement executed with the Ministry of Investments and Development of the Republic of Kazakhstan (“Concession Agreement”).