Kazakhstan and UAE expressed satisfaction with dynamic development of investment cooperation

Kazakhstan President Kasim-Zhomart Tokaev held negotiations with the Minister of Investment of the UAE, managing the director of the ADQ holding Muhammad al-Suwood, the press service of the Kazakh leader.

The meeting was held in the fields of the 28th conference of the parties to the UN Framework Convention on Climate Change.

The parties expressed satisfaction with the dynamic development of investment cooperation between Kazakhstan and the UAE, paid special attention to the implementation of joint investment projects.

Tokaev praised the solid package of agreements signed between Kazakhstan, ADQ and its subsidiaries at the conference, and also announced its readiness to maintain the current dynamics of expansion of bilateral ties.

During the meeting, the signing of a memorandum on the development of low -carbon energy with a total capacity of 10 GW in the Republic of Kazakhstan, as well as an intergovernmental agreement on the draft wind station with a capacity of 1 GWT,

was noted.

According to the President of Kazakhstan, a stable partnership with AD Ports Group plays an important role in turning the Aktau and Kuryk ports into the main sea hub in the Caspian Sea.

The interlocutors also considered the prospects for the implementation of joint projects Pressight and Samruk-Kazyna, as well as strategic agreements with the participation of Qazaqgaz and “Kazakhstan Temir Zhola” in the field of artificial intelligence.

Tokaev said that the state will always support investors working in Kazakhstan.