Kazakhstan and Qatar expand trade and investment cooperation

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ASTANA (TCA) — At the Kazakhstan-Qatar Investment Business Forum held on December 14 in Doha, the Foreign Trade Chamber of Kazakhstan and the Chamber of Commerce and Industry of Qatar signed a Memorandum on the establishment of a joint Business Council, the official website of the Prime Minister of Kazakhstan reported.

At the business forum, the Kazakh delegation presented Kazakhstan’s investment projects and the export potential of Kazakhstani production (including agricultural and food products, considering that up to 90% of commodities are supplied to Qatar from abroad).

The Memorandum between the Foreign Trade Chamber of Kazakhstan and the Chamber of Commerce and Industry of Qatar on the creation of the Business Council between Kazakhstan and Qatar was signed with the purpose to develop trade and investment cooperation between the two countries.

The forum also included a meeting of the Vice Minister for Investments and Development of Kazakhstan, Y. Khairov, with the Minister of Economy and Trade of Qatar Sheikh Ahmed bin Jassim al-Thani. The parties discussed prospects for bilateral economic cooperation and ways of developing trade between the two countries. The Qatar side was presented with investment opportunities, state support measures for joint implementation of investment projects in the territory of Kazakhstan in such potential sectors as agribusiness, energy, infrastructure, transport and logistics.

The Qatari side expressed interest in participation in Kazakhstan’s privatization program and PPP.

Kazakh Vice Minister for Investments and Development Khairov also met with the President of the Alfardan Group, Omar Al-Fardan.

Alfardan Group, one of the leading family conglomerates in the Persian Gulf region, expressed its interest in construction of tourist facilities, investments in services, as well as in the development of logistics infrastructure in Kazakhstan.

Sergey Kwan

TCA