Qatar is set to implement nine investment projects in Kazakhstan
On September 11, the Mazhilis, the lower house of the Kazakh Parliament, ratified an agreement with Qatar on establishing a long-term strategic partnership for developing projects in key sectors. The agreement, signed in Doha on March 20, includes the implementation of nine investment projects in Kazakhstan, according to the Mazhilis' press service.
The projects encompass the construction of three gas processing plants, the second phase of the Beineu-Bozoi-Shymkent gas pipeline, the new KS-14 compressor station, and the KS-14-Kostanai gas pipeline. These initiatives are anticipated to increase Kazakhstan's domestic commercial gas production by 18%.
Additionally, Qatar will contribute to the development of a combined-cycle power plant in the Kyzylorda Region and a hydroelectric power station on the Yertis River.
The agreement also targets joint ventures in telecommunications, finance, energy, petrochemicals, and other sectors. According to Khabar News Agency, Qatari investments in these new projects are expected to total nearly $20 billion.
