UAE invests $ 6 billion in Kazakhstan for the development of a number of industries

It is planned to implement joint projects for the construction of solar, wind and hydroelectric power plants in Kazakhstan with a total capacity of 5 GW.

It is reported that the head of the government of Kazakhstan held talks with the Deputy Prime Minister, Minister of Presidential Affairs of the UAE Sheikh Mansour bin Zayed Al Nahyan, as well as the leadership of state development institutions and holdings Abu Dhabi Developmental Holding Company (ADQ) and other leading companies in the UAE.

The parties discussed the progress in the implementation of the agreements reached earlier and the prospects for bilateral cooperation in trade and economic, financial and investment, energy, transport and logistics, agro-industrial and other spheres.

It is noted that at present, Emirati companies are participating in the implementation of 11 large investment projects in Kazakhstan with a total value of over $ 3.5 billion.

According to the document, the UAE is implementing projects in the energy, agro-industrial, transport and logistics, pharmaceutical and financial sectors of Kazakhstan with a total investment of more than $ 6 billion, "the press service explained.

It is planned to implement joint projects for the construction of solar, wind and hydroelectric power plants in Kazakhstan with a total capacity of 5 GW.

In addition, a $ 100 million joint venture fund will be created to finance joint start-up projects in the fields of IT, telecommunications, food technology and others.