Over 70 joint projects with a total investment of about $2 billion have been implemented by Kazakhstan and the Islamic Development Bank over the years of cooperation, as noted by President Kassym-Jomart Tokayev at a meeting with the President of the institution Muhammad Sulaiman Al Jasser. The Head of State welcomed the updating of the strategic framework agreement with the bank. It provides for additional conditions of financial support for the implementation of a number of important projects. In turn, the President of the Islamic Development Bank (IsDB) confirmed the readiness of the financial institution to participate in further diversification of Kazakhstan’s economy.
President Tokayev also met with Abdulhamid Alkhalifa, the President of the OPEC
Fund for International Development, who outlined plans for financing key
sectors in Kazakhstan, including the gas chemical industry, transportation,
water resource management, and healthcare. During a meeting with the leadership
of the Arab Coordination Group funds, the Head of State noted that the Group
has established itself as a strategic partner for Kazakhstan. He also
highlighted the launch of a new investment cycle in the country aimed at
attracting at least $150 billion in foreign direct investments by 2029. In
turn, the fund leaders noted the successful implementation of negotiations with
the Kazakh Government and businesses on joint projects.
Editor: Гайни Жумабек
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