Samruk-Kazyna signed a Memorandum on investment cooperation in data center and AI projects Today, Samruk-Kazyna's CEO, Nurlan Zhakupov, met with H.E. Mohamed Hassan Alsuwaidi, the Minister of Investment of the UAE.
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12 January 2024
During the meeting, a Memorandum of Understanding was signed by Samruk-Kazyna, the Ministry of Investment of the UAE, and the Ministry of Digital Development, Innovations, and Aerospace Industry of Kazakhstan.
This strategic document aims to establish a framework for investments in data center projects, to be implemented on the territory of Kazakhstan.
Kazakhstan is experiencing significant expansion in its data center sector, driven by a growing need for computing resources, progressive government policies, and advancements in artificial intelligence.
The Memorandum between the two countries focuses on building strong and effective collaboration. The agreement additionally suggests implementing incentives to support relevant initiatives and aims to facilitate the exchange of knowledge.
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