On May 12 in Astana, Kazakhstan President Kassym-Jomart Tokayev held talks with the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, who arrived in Kazakhstan on an official visit.
The President noted that the United Arab Emirates is one of Kazakhstan’s key partners, sharing common goals and aspirations. In 2023, the governments of both nations signed a Joint Declaration on the Implementation of Strategic Investment Projects.
The UAE ranks among the top ten foreign investors in Kazakhstan’s economy. In 2024, direct investment inflows from the UAE more than doubled, reaching record levels.
Tokayev welcomed the signing of over 20 commercial agreements during the visit, with a total value of $5 billion.
Following the talks, a ceremony was held to exchange signed bilateral documents, including the Agreement on Cooperation for the Development of Round-the-Clock Power Supply Projects of up to 500 MW and Energy Storage Systems of up to 2,000 MW in Kazakhstan between JSC Samruk-Kazyna Sovereign Wealth Fund and Masdar and the Agreement on the Establishment of a Supercomputer Cluster in Kazakhstan between the Ministry of Digital Development, Innovations, and Aerospace Industry of Kazakhstan and Presight.
Additionally, during the ceremony, the ratification of the Agreement between the Government of Kazakhstan and the Government of the United Arab Emirates on the Implementation of a Wind Power Plant Project was announced.
On the same day, Tokayev and Sheikh Khaled bin Mohammed bin Zayed Al Nahyan attended the Kazakhstan-UAE Business Forum.
In his address, Tokayev emphasized that during the talks, the parties reaffirmed their commitment to deepening trade, economic, and investment cooperation.
“The United Arab Emirates is Kazakhstan’s leading trade and investment partner in the Gulf region, with total investments surpassing $4.3 billion. As the UAE’s Vision 2031 closely aligns with our national priorities for innovation, industrial growth, and diversification, we are committed to providing a favorable environment for Emirati business partners,” the President stated.
Photo: akorda.kz
