UAE Signs $5B Investment Deals With Kazakhstan

During his official visit to Kazakhstan on May 11-12, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Kazakh leaders signed over 20 commercial agreements valued at $5 billion, marking a significant deepening of bilateral relations. Major deals include renewable energy projects by Masdar and Samruk Kazyna, encompassing up to 500 MW of renewable power, 2 GW of battery storage, and one of the region’s largest wind farms. The agreements also expand cooperation into AI, digital transformation, logistics, education, agriculture, and infrastructure, such as a new sugar factory and data processing center. The UAE’s investment in Kazakhstan has now surpassed $4.3 billion, with direct investment from the UAE more than doubling in 2024. Both governments emphasized the UAE’s position as Kazakhstan’s main Gulf trade and investment partner. These expanded partnerships support Kazakhstan’s innovation and diversification goals and align with the UAE Development Strategy 2031.