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International investments and cooperation

We are currently implementing 21 investment projects with foreign partners. We have co-invested with partners from China, UAE, Saudi Arabia, Russia, Italy, USA, Qatar, France, and Azerbaijan in oil and gas, chemicals, energy, transport, logistics, engineering, and digitalization projects. GRI 2-6

In particular, the Fund has a strong commitment to renewable energy projects that help reduce harmful emissions and combat climate change. In 2023, we have entered into the following partnerships:

  • A Roadmap, Agreements on principles and joint development for constructing and operating a wind power plant with a total capacity of 1 GW in the Zhetisu region (Dzhungar Gate) were signed with ACWA Power; construction is planned to begin in 2025.
  • A Memorandum of Understanding, Roadmap and Joint Development Agreement were signed with the Chinese company China Power International Holding (CPIH) to construct a wind farm with a total capacity of 1 GW with an energy storage system.
  • With Kazakhstan Investment Development Fund (KIDF) and Masdar Energy Company (UAE), a new wind farm with an installed capacity of up to 1 GW and an energy storage system will be constructed in the Zhambyl region.
  • Agreements have been concluded with Total Eren on the purchase and sale of electricity, on joint development and on investments in the construction of wind power plants in Kazakhstan with a total capacity of 1 GW.
  • A project to construct 1 GW of wind power plants is planned with Qazaq Green Power PLC and the Russian company Unigreen Energy.
  • A Memorandum of Understanding has been signed between the Ministry of Energy of Kazakhstan and the Ministry of Investment of the UAE to develop low-carbon energy with a total capacity of 10 GW in Kazakhstan.
  • A Memorandum of Understanding was signed with Power Construction Corporation of China (PRC) to expand the renewable energy project to 810 MW in the Shelek corridor of the Almaty region.
  • A Memorandum of Understanding on developing renewable energy sources was signed with China National Petroleum Corporation.