Crown Prince of Abu Dhabi and President of Kazakhstan Witness Masdar Agreement to Develop Renewable Energy Projects
Masdar signs collaboration agreement with Samruk-Kazyna during official visit of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Kazakhstan
The agreement will support the development of '24/7' project providing up to 500MW of baseload renewable energy and battery energy storage projects with up to 2GW capacity
UAE and Kazakhstan Energy Ministers also exchanged documents recognizing ratification of government agreement on development of Masdar's 1GW wind farm in Central Asian nation
Astana, Kazakhstan – May, 2025: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and His Excellency Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, witnessed a collaboration agreement between Abu Dhabi Future Energy Company PJSC – Masdar and Samruk-Kazyna JSC, related to the development of renewable energy and battery energy storage system (BESS) projects in Kazakhstan.
His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Nurlan Zhakupov, Chief Executive Officer of Samruk-Kazyna, exchanged documents related to the collaboration agreement during the Kazakhstan-UAE Business Forum.
Under the agreement, Masdar, the UAE's clean energy leader, and Samruk-Kazyna, Kazakhstan's sovereign wealth fund, will explore the development of a '24/7' project that will provide up to 500 megawatts (MW) of baseload renewable energy, and BESS projects with up to 2 gigawatts (GW) capacity. Masdar is currently developing a 1GW wind farm with a 600-megawatt-hour (MWh) BESS in Kazakhstan, set to be one of the largest wind projects in the region.
HE Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, and HE Yerlan Akkenzhenov, Minister of Energy for Kazakhstan, also exchanged documents related to the ratification of the Intergovernmental Agreement (IGA) signed at COP28 in 2023 for the development of the 1GW wind project. This marks a significant milestone toward the project's implementation.
HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman, said: 'This agreement builds on the already strong energy partnership between our two countries and will support Kazakhstan's ambitious renewable energy objectives. By leveraging Masdar's expertise in renewables and battery storage technology, Kazakhstan will be able to address today's energy needs while creating new jobs, stimulating its economy and preparing for the growing demands of tomorrow. We look forward to working closely with Samruk-Kazyna and the Government of Kazakhstan to deliver sustainable, secure energy and drive socioeconomic progress.'
Nurlan Zhakupov, CEO of Samruk-Kazyna, said: 'In line with President Tokayev's objective of reaching carbon neutrality by 2060, Samruk-Kazyna is strengthening its efforts in low-carbon development, including through partnerships with leading international companies such as Masdar. This agreement represents a step forward toward increasing the share of renewable energy in Kazakhstan's energy mix, using advanced technologies to support a more sustainable and resilient energy future.'
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: 'Kazakhstan is a key strategic partner for Masdar and today's agreement further strengthens our presence in the country, building on the strong collaboration established through our existing 1GW wind and battery storage project in the Jambyl region. This agreement also strengthens our partnership with Samruk-Kazyna and we will continue to work closely together to support energy security, economic diversification and climate action.'
Kazakhstan is targeting generating 15 percent of electricity from renewable energy sources by 2030 and 50 percent by 2050. Masdar signed an agreement at COP28 with W Solar, Qazaq Green Power QGP, a Samruk-Kazyna Group company, and the Kazakhstan Investment Development Fund to develop and implement the 1GW wind project. The power purchase agreement and the investment agreement for the project were signed at COP29 in Baku last year, with construction expected to begin in 2026.
Masdar announced a significant advance in battery storage technology this year, with the launch at Abu Dhabi Sustainability Week (ADSW) of the world's first gigascale 24/7 solar and battery storage project. Located in Abu Dhabi, the project will feature a 5.2GW (DC) solar photovoltaic (PV) plant, coupled with a 19 gigawatt-hour (GWh) BESS to deliver up to 1GW baseload power every day – the largest combined solar and BESS project in the world.
With abundant solar and wind resources, Central Asia is a key strategic region for Masdar. Beyond its footprint in Kazakhstan, the company has an active presence across the region, including Uzbekistan and Azerbaijan. Masdar is targeting a 100GW global portfolio capacity by 2030.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
20 hours ago
- Mid East Info
UAE Participates in the 10th Annual Meeting of the Board of Governors of AIIB - Middle East Business News and Information
Dr. Sultan Al Jaber participates in high-level roundtable on the sidelines of AIIB's Board of Governors Meeting, and reaffirms the UAE leadership's commitment to global partnerships and sustainable development goals Beijing June 2025 – H.E. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and the UAE Governor to the Asian Infrastructure Investment Bank (AIIB), participated in a high-level roundtable held on the sidelines of the Bank's 10th Annual Meeting of the Board of Governors, hosted in Beijing from June 24 to 26, 2025, under the theme 'Connecting for Development, Collaborating for Prosperity.' During the meeting, the Board reviewed key achievements over the past year and explored future initiatives and projects. Participants emphasized the importance of coordinated international efforts to address global economic challenges—particularly those related to climate change—by expanding strategic partnerships, mobilizing concessional finance, and investing in sustainable infrastructure. Dr. Sultan Al Jaber commended AIIB's pioneering achievements and its critical role in financing transformative infrastructure projects across member countries. He noted that the UAE's support for this strategic partnership aligns with the directives of its wise leadership, which prioritizes multilateral cooperation, economic development, and bridge-building among nations. During his meeting with Ms. Zou Jiayi, the new President of AIIB, Dr. Sultan Al Jaber reaffirmed the UAE's continued support for AIIB's efforts to expand its global impact, noting the Bank's success since its establishment in improving living standards in many countries through developmental support and showcasing the importance of multilateral institutions in both development and financing. H.E. Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development and Alternate Governor for the UAE at AIIB, underscored the importance of the strategic partnership between the Fund and the Bank. He emphasized their shared development objectives, which effectively contribute to sustainable economic and social growth in developing nations. He added that AIIB's operational office in Abu Dhabi Global Market has proven to be a successful model for strengthening the Bank's capacity and expanding its operations. Within its first year, the office has helped align investments with the Bank's strategic priorities and enhanced engagement with clients, partners, and stakeholders across the region. It is worth noting that the UAE joined AIIB as a founding member in April 2015 and hosts the Bank's first operational office outside of China, reflecting the UAE's active and leading role in supporting and strengthening multilateral international institutions. Promising Growth and Impact: Over the past decade, AIIB has approved financing exceeding USD 60 billion to support 318 projects. According to its 2024 Annual Report, the Bank recorded exceptional operational growth, approving 51 new projects in 19 member countries, amounting to USD 8.4 billion in financing. AIIB also made significant progress in climate financing, allocating 67% of its total USD 5.6 billion in funding to sustainable projects—exceeding its 2025 target of 50%. Among these initiatives were renewable energy projects with a combined capacity of more than 21 gigawatts, contributing to the annual avoidance of approximately 28 million tons of CO₂ emissions. This decade of success reflects the UAE's forward-looking vision and its dedication to supporting multilateral institutions focused on sustainable development. It also reaffirms the country's strong commitment to international cooperation in addressing global challenges.
Mid East Info
20-06-2025
- Mid East Info
Ministry of Family Celebrates Graduation of 50 Students from Rehabilitation Centers for People of Determination Across the UAE
Her Excellency Sana Suhail, Minister of Family, honoured 50 graduates from disability care and rehabilitation centres for people of determination during an inspiring graduation ceremony held yesterday at the Cultural Centre in Ajman. For the first time, this event brought together students from the centres for people of determination across Dubai, Ajman, Ras Al Khaimah, Fujairah, and Dibba Fujairah, along with students from the 'Mashaghel Rehabilitation Centers ' vocational training programme, celebrating their perseverance and remarkable achievements. Through their academic and professional journeys, these individuals have become inspiring examples of willpower and dedication. In her speech during the ceremony, Her Excellency praised the graduates for their determination and commitment. She emphasised that this achievement stands as a testament to their unwavering will and the profound positive impact of these programmes, which aim to build a more inclusive and equitable society. The ceremony was a celebration and reinforcement of inclusion and empowerment. It highlighted the importance of investing in the capabilities of people of determination and providing a supportive environment for them to contribute effectively to the nation's development. It also showcases the Ministry of Family's important work in promoting social inclusion and ensuring equal access to education, healthcare, and jobs for people of determination, in line with the National Policy for Empowering Persons with Disabilities. The UAE federal government runs rehabilitation centers for people of determination through the Ministry of Family. These centers are located in various emirates, including Dubai, Ajman, Umm Al Quwain, Ras Al Khaimah, and Dibba Al-Fujairah. They provide tailored education, training, and rehabilitation programmes for individuals aged 4 to 18. After completing these programmes, young people can transition into vocational roles, develop life skills, take on project-based work, or join the wider job market. One such initiative, the 'Mashaghel Rehabilitation Centers Programme' workshops, equips people of determination with entrepreneurship and home-based business skills, further expanding opportunities for independence and personal growth. About the Ministry of Family: On 8th December 2024, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the establishment of the Ministry of Family in the United Arab Emirates. This initiative, guided by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, positions the Ministry as the principal authority for developing and implementing policies, strategies, and legislation aimed at fostering stable and cohesive families across the UAE. Its core remit includes bolstering the family's role in nurturing sound upbringing, reinforcing national identity, and promoting positive values and behaviours within society. Furthermore, the Ministry will play a crucial part in undertaking research and proposing vital policies and initiatives to boost family fertility rates and mitigate the risks and adverse societal impacts of family breakdown, working closely with all pertinent specialist agencies.
Mid East Info
19-06-2025
- Mid East Info
Investopia to host inaugural Global Talks in Tashkent in 2026 in collaboration with Uzbekistan's Ministry of Investments, Industry and Trade
Event to be held in partnership with Tashkent International Investment Forum 2026 Investopia has signed a Memorandum of Understanding (MoU) with the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan to host the inaugural edition of Investopia Global Talks in Tashkent in 2026. The event will be held in collaboration with the Tashkent International Investment Forum (TIIF) 2026. The MoU was signed by Dr. Jean Fares, CEO of Investopia, and His Excellency Shokhrukh Gulamov, Deputy Minister of Investments, Industry and Trade of Uzbekistan. The strategic partnership establishes a significant platform to strengthen connections and foster engagement between business communities in the UAE, Uzbekistan, and across Central Asia. Investopia – Tashkent will offer a dynamic venue for exploring promising economic and investment opportunities in the new economy sectors of the UAE, Uzbekistan, and broader Asian markets. The initiative also aims to promote impactful public-private partnerships and channel investments into key sectors in both the UAE and Uzbekistan, while shaping emerging trends in investment and finance across the region. TIIF, held under the patronage of the President of Uzbekistan, is one of Central Asia's premier investment forums, which makes it an ideal partner for Investopia Global Talks. H.E. Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan, said: 'In 2026, Tashkent will host the first edition of Investopia Global Talks in Central Asia, in collaboration with TIIF. Launched by the UAE, Investopia is a global investment platform that connects investors, governments, and enterprises to new economic opportunities. Previous editions have been held in cities such as Tokyo and Milan. The Tashkent edition will convene investors, decision-makers, and business leaders to explore opportunities in renewable energy, digital technologies, infrastructure, and agriculture, serving as sectors that are pivotal to Uzbekistan's economic growth. This collaboration represents a significant step toward positioning Uzbekistan as the region's key investment hub and building long-term relations across markets.' H.E. Mohammed Alhawi, Undersecretary of the Ministry of Investment, emphasized that the UAE and Uzbekistan share robust strategic ties and outstanding economic partnership across diverse sectors. 'Through the new edition of Investopia Global Talks in Tashkent, we aim to enhance economic and investment collaboration, unlock new development avenues for the UAE and Central Asian business communities, and advance sustainable economic growth in line with the goals of the 'We the UAE 2031' vision.' Dr. Jean Fares, CEO of Investopia, said: 'The UAE and Central Asian countries possess promising economic and investment opportunities, particularly in emerging and new economic sectors. We are confident that Investopia – Tashkent will play a pivotal role in connecting Asian business communities with these ambitious opportunities by facilitating effective dialogue among business leaders, decision-makers, and investors. It will also explore new pathways for enhancing mutual investment and trade flows and share insights on the latest policies and strategies related to global trends in finance and investment.' The fourth edition of TIIF showcased Uzbekistan's investment opportunities, particularly in the energy, agriculture, industry, tourism, and infrastructure sectors. The forum attracted over 7,500 participants from over 100 countries, including nearly 3,000 guests of honor.
