Illustration: AI
22 documents worth $4.8 billion were signed at the ninth Kazakhstan Global Investment Roundtable in Shymkent. Projects include a $500 million data centre and a $249.6 million road monitoring system. At the forum, Prime Minister Olzhas Bektenov invited investors to help develop the Data Centre Valley in Ekibastuz and build Alatau City. (profit.kz)
What happened
The Kazakhstan Global Investment Roundtable brought together more than 500 investors and business representatives from over 40 countries. Executives from Boeing, Masdar and the Islamic Development Bank spoke at the plenary session. (profit.kz)
The Ministry of Artificial Intelligence and Digital Development and Amsa Digital signed a document on the construction of a data centre. The facility will have a capacity of 250 MW, and the project will cost $500 million. It is planned for the Data Centre Valley site. (profit.kz)
The Ministry of Transport and Freedom Lab LLP signed a document on the creation of an intelligent road monitoring system in Kazakhstan, known as ISKAD. The project is worth $249.6 million. A further $730 million is earmarked for a 1,000 MW wind farm with an energy storage system in Kostanay Region, with the Ministry of Energy and Turan Wind Energy as the parties. (profit.kz)
What other projects are in the package
The Ministry of Education and DSKZ & KAMC LLP signed a document on the construction of a network of 20 regional inclusive schools worth $1 billion. Another $1 billion project is a multifunctional terminal for the first phase of development at the Port of Kuryk. Baiterek Holding and Guoyou Materials Group Co., Ltd. were the parties to that document. (profit.kz)
KAZAKH INVEST and Shoval Kazakhstan Ltd. signed a document on the $650 million Kazakhstan International Medical City project. A university campus with student accommodation, following the British education model, is also planned in Astana at a cost of $40.8 million. The parties are the Ministry of Science and Higher Education and Coventry University Kazakhstan. (profit.kz)
The Shymkent city administration and KOKSAN LLP signed a framework agreement to build a plant for PET preform production and plastics recycling. The project is worth $74.3 million. (profit.kz)
Where investors are being invited to invest
Bektenov named digitalisation, IT infrastructure development and the construction of high-tech cities among the investment priorities. The list also included manufacturing and chemicals, food production, transport equipment manufacturing and agricultural processing. (profit.kz)
“Transforming our economy through advanced technologies, new production facilities and more extensive processing of raw materials is fundamental to us,” Bektenov said. (profit.kz)
Before the plenary session, the prime minister reviewed projects being carried out with foreign partners. They included Masdar’s wind farm in Zhambyl Region, the Alsera greenhouse complex and the QazAlPack plant in Shymkent. (profit.kz)
