finance
Kazakhstan Signs $10 Billion Deal for AI Data Center Project
Kazakhstan will invest up to $10 billion to build a Data Center Valley in the northern Pavlodar region. The project involves Nvidia and an Armenian-American cloud company and forms part of the country's Digital Qazaqstan strategy through 2029.
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Kazakhstan plans to invest up to $10 billion to develop a Data Center Valley in the northern Pavlodar region, with an initial 125-megawatt facility scheduled to begin operations in 2027. The project includes a deal with Nvidia and an Armenian-American cloud company.
Officials estimate the initiative could generate at least $3 billion in annual export revenue while attracting technology firms and skilled jobs.
The Data Center Valley is a cornerstone of Kazakhstan's Digital Qazaqstan strategy, which aims to accelerate AI adoption, cloud infrastructure, and data-driven governance through 2029.
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