This strategic agreement aims to create a framework for investment cooperation in data centre and artificial intelligence (AI) projects in Kazakhstan.
The Ministry of Investment of the UAE has signed a Memorandum of Understanding (MoU) with the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan as well as Sovereign Wealth Fund Samruk-Kazyna. This strategic agreement aims to create a framework for investment cooperation in data centre and artificial intelligence (AI) projects in Kazakhstan.
Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, said, “The agreement reflects our commitment to further strengthening relations between our two nations and working together to realise a shared vision for economic advancement. The planned investments in data centre and AI projects in Kazakhstan will help enhance the nation’s expanding digital infrastructure, offering businesses more opportunities to embrace and gain advantages from digitisation.”
Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna, JSC, said, “The establishment and growth of data centres is pivotal for Kazakhstan’s technological advancement. They serve as the backbone of innovation, fostering economic development, and propelling the nation into the forefront of the global digital landscape. Furthermore, the strategic development of data centres not only enhances domestic capabilities but also acts as a magnet for foreign investments, positioning Kazakhstan as an attractive destination for international businesses seeking a robust technological infrastructure.”
The MoU between the UAE and Kazakhstan centres on establishing robust and efficient collaboration through the development of bilateral relationships between public and private organisations. The agreement also proposes introducing incentives to bolster relevant initiatives and seeks to facilitate the exchange of knowledge.
The MoU was signed by His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE; His Excellency Bagdat Mussin, Minister of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan; and His Excellency Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna, JSC.
