Water Projects: Islamic Development Bank to Allocate Over 1 Billion to Kazakhstan
This is the largest project in terms of financing scale in the entire history of the bank, Orda.kz reports, citing Aqorda.
As part of the climate summit in Baku, Qasym-Jomart Toqayev met with Mohammed Suleiman Al-Jasser, the President of the Islamic Development Bank. The heads agreed to cooperate.
The cooperation concerns the project “Development of water resources resilient to climate change,” within the framework of which eight reservoirs, one counter-regulator, and 115 canals with a length of 3,450 km in seven regions will be built and modernized in the country.
This will ensure sustainable water supply to agricultural lands covering an area of more than 332 thousand hectares, the report says.
The agreement includes $1.153 billion, including a $3.5 million grant.
The Minister of National Economy, Nurlan Baibazarov, announced the document's signing.
Original Author: Raushan Korzhumbekova
Latest news
- Zhezkazgan Airport Resumes Operations After An-12 Emergency Landing
- Middle East Escalation Disrupts Kazakhstan–Dubai Flights
- Three Rare Neolithic Burials Discovered in Kostanay Region
- Minister Promises Better Internet Access for Rural Areas
- Will Trump Visit Kazakhstan?
- Six-Lane Road to Almaty’s Ring Road Planned, Around 200 Land Plots Bought Out
- Housing Sales in Kazakhstan Rise 28% in One Month
- East Kazakhstan Residents Question Gas Station Restrictions on Fuel Canisters
- New Committee to Oversee Crypto Market and Payment System
- MFA Confirms Death of Young Kazakhstani Woman in Antalya
- Source of Shymkent Air Pollution Complaints Still Unclear
- Why Cheap Kazakh Gasoline Is Becoming a Regional Issue
- Southern Kazakhstan Records Magnitude 4.5 Earthquake
- Almaty Residents Oppose Covering City’s Open Irrigation Canals
- Where Are Incomes Highest in Kazakhstan After Almaty?
- Landfill Fire Breaks Out in Astana
- Qatari-Kazakh Gas Pipeline Project Gets Another $500 Million
- Russian City May Name Square After Tokayev’s Father
- Kazakhstanis Will Not Face New Loan Restrictions
- Dead Seals Found Near Aktau May Have Come From Iran, Officials Say
