Tokayev discusses joint gas and telecom projects with Power International HoldingKazakh President Kassym-Jomart Tokayev discussed with the leadership of Qatar’s Power International Holding (PIH) joint investment projects in energy and telecommunications.According to the presidential press service, the meeting took place at the Akorda presidential palace with PIH Chairman Moutaz Al-Khayyat and PIH President and Group CEO Ramez Al-Khayyat.The negotiations focused on prospects for implementing joint projects in the gas sector, including processing, transportation, and also power generation."The head of state stressed that large-scale gas projects, including gas processing and transportation, and also power generation, are a key element of Kazakh-Qatari investment cooperation and make a significant contribution to strengthening our country's energy security," the statement released following the meeting said.Additionally, the president was briefed on PIH's plans to expand operations in Kazakhstan's telecommunications market as part of the deal to acquire Mobile Telecom Service (Tele2).Tokayev expressed confidence that the investor's participation would contribute to modernizing telecommunications infrastructure, improving service quality and expanding accessibility for the population.Following the meeting, both sides confirmed their commitment to further increasing cooperation and implementing promising investment projects.As previously reported, during a visit to Qatar, Tokayev said during talks with the owners of Power International Holding, Moutaz Al-Khayyat and Ramez Al-Khayyat, who are involved in the construction of gas processing plants at Kashagan, the second line of the Beineu-Bozoy-Shymkent gas pipeline, and a new compressor station and a gas pipeline from Aktobe to Kostanay, that these projects would make a huge contribution to strengthening Kazakhstan's energy security.Tokayev reaffirmed his readiness to ensure favorable conditions for Qatari investors from the Kazakh government and stressed the importance of these projects.Power International Holding is a Qatari conglomerate founded by Moutaz Al-Khayyat and Ramez Al-Khayyat. The company's portfolio spans five main sectors: general contracting, development, agriculture and food industry, fashion industry, entertainment and hospitality industry, and services. (ICE ALMATY)

Fonte notizia: INTERFAX