The United Arab Emirates is one of
Kazakhstan’s key trade and economic partners. Last year, the two countries traded
goods worth nearly $257.5 million. From 2005 to 2023, the UAE invested $4.1
billion in direct foreign investment in the country’s economy. There are
currently 442 joint ventures successfully operating in Kazakhstan. The parties
are jointly implementing projects worth $6.5 billion. One of the significant
projects is the creation of a wind farm with a capacity of one gigawatt. The
station, located in the Zhambyl region, includes a battery energy storage
system with a capacity of 600 megawatt-hours. According to the approved
roadmap, the facility is expected to be commissioned in 2029.
«Considering the favorable investment
climate in our country, a decision was made during the COP29 climate conference
in Baku last November to implement this important strategic project for our
republic. An investment agreement was signed between the Kazakh Energy Ministry
and MASDAR. The project comes with specific requirements: initially, investors
must carefully study the wind speed and direction in the area before proceeding
with the construction of the station,» noted Rustem Kydyrbekov, Deputy Director
of the Renewable Energy Department of the Kazakh Energy Ministry.
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