ASTANA — On September 11, Kazakhstan’s Mazhilis, the lower house of Parliament, ratified an agreement with Qatar establishing a long-term strategic partnership for developing key projects in priority sectors. The agreement, signed in Doha on March 20, will see the implementation of nine major investment projects in Kazakhstan.
The projects include the construction of three gas processing plants, the second phase of the Beineu-Bozoi-Shymkent gas pipeline, a 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%.
In addition, Qatar will support the development of a combined-cycle power plant in the Kyzylorda Region and a hydroelectric power station on the Yertis River.
The agreement also outlines joint ventures in telecommunications, finance, energy, petrochemicals, and other sectors. According to Khabar News Agency, Qatari companies are expected to invest nearly $20 billion in these new projects.