Head of State Kassym-Jomart Tokayev held meetings with Chairman of Ajlan & Bros Holding Ajlan bin Abdulaziz Alajlan and Chairman of the Board of Directors of Acwa Power Mohammad Abunayyan on the sidelines of his official visit to Saudi Arabia, Kazinform cites the press service of Akorda.
One of the largest conglomerates of the Kingdom of Saudi Arabia and Middle East Ajlan & Bros Holding Group expressed interest in investing into Kazakhstan. Presently the holding is mapping out a project in the sphere of agriculture in Almaty region.
During the meeting with Mohammad Abunayyan the sides discussed the issues of development of alternative energy sources. President Tokayev revealed that Kazakhstan intends to reach 30% of renewable energy sources in the total energy balance by 2030 and invited Acwa Power to implement joint projects in the green hydrogen production in Kazakhstan.
Islamic Development Bank to continue investing into projects in Kazakhstan
President Kassym-Jomart Tokayev of Kazakhstan discussed with Chairman of the Islamic Development Bank (IDB) Group H.E. Dr. Muhammad Sulaiman Al Jasser implementation of a number of joint projects in various sectors of economy, Kazinform has learned from the Akorda press service. During the meeting the Head of State reminded that Kazakhstan was the first CIS country to develop a partnership program with IDB. Based in Almaty for more than 25 years the IDB regional office coordinates the Bank’s operations in Eastern Europe, CIS, Mongolia and China. This attests to the relevance and trust-based relations between Kazakhstan and IDB.
President Tokayev stressed that Kazakhstan appreciates the longstanding support the Bank provides to the country’s economy. Throughout the years of cooperation IDB invested more than $1.6 billion into priority sectors of economy as well as social projects in Kazakhstan. H.E. Dr. Muhammad Sulaiman Al Jasser briefed the Head of State on the Bank’s policy in the sphere of investment and plans for the upcoming period. According to him, the Bank intends to continue investing into various projects in the sphere of business, finance, infrastructure and communications. – KAZINFORM
