During a working visit to Abu Dhabi, President of Kazakhstan Kassym-Jomart Tokayev met with the CEO of Masdar, Mohamed Al-Ramahi, as reported by the Akorda press service.
The head of state emphasized that the partnership between Kazakhstan and Masdar has reached a qualitatively new level. He noted that the parties have successfully signed all necessary agreements for the implementation of a major project to construct a 1 GW wind power plant in the Zhambyl region. The investment volume for this project will amount to $1.4 billion.
Mohamed Al-Ramahi informed the president about the company's plans to commence construction work and expressed interest in utilizing local components for the production of wind turbines within this project. There was an exchange of views regarding the further expansion of Masdar's presence in Kazakhstan and the implementation of new significant projects in the fields of renewable energy and digitalization.
Also present at the meeting was Khalid Salmin, the CEO of Abu Dhabi National Oil Company (ADNOC) for processing and marketing.
The head of state highlighted that our country attaches great importance to the further development of partnership relations with ADNOC. For his part, Khalid Salmin noted the significant prospects for interaction between the national oil and gas companies of both countries. The interlocutors discussed issues related to the implementation of joint investment projects in the oil and gas sector, as well as in the field of geological exploration. Special attention was given to cooperation in the areas of digitalization and artificial intelligence.