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Kazakhstan and Qatar to Implement Projects Worth $17.6 Billion

On March 20th the Prime Minister of Kazakhstan Olzhas Bektenov attended a meeting in Qatar with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. During discussions, Bektenov emphasized the importance of the two countries’ economic partnership in the Arab world and reported on the imminent implementation of large-scale and strategically significant investment projects worth an unprecedented amount of $17.6 billion. The governments of Kazakhstan and Qatar subsequently signed an agreement on establishing a long-term strategic partnership for the development of projects in priority sectors. Projects include the construction of gas processing plants in Kazakhstan at a cost of around $5.7 billion. The additional construction of a Aktobe-Kostanay gas pipeline and the second section of the Beineu-Bozoy-Shymkent gas pipeline for a total cost of around $7.7 billion, will develop gas supplies to Kazakhstan's northern regions. A further investment of around $2.7 billion will fund the construction of a combined cycle gas power plant with a capacity of 1,100 MW, and a hydroelectric power plant with a capacity of 350 MW, to ensure long-term energy security of Kazakhstan. With reference to agriculture, the Prime Minister declared Kazakhstan’s readiness to supply halal and organic products to Qatar, and stated that the two countries are on course to construct plants for the deep processing of wheat, peas and milk in Kazakhstan.

Qatar

Doha Hosts Kazakhstan–Qatar Investment Roundtable

During his visit to Qatar on February 14th, Kazakhstan’s president Kassym-Jomart Tokayev took part in the Kazakhstan–Qatar Investment Roundtable in Doha. Mr Tokayev invited Qatari companies to invest in the Kazakh economy and explore new business opportunities, mentioning that his government is ready to provide tax and customs preferences, project co-financing, partial guarantees and export support mechanisms, the president’s press office reported. Mr Tokayev also suggested expanding the work of the Kazakhstan-Qatar Joint High-Level Commission and Business Council. The Kazakh president said that during his meeting with the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani, earlier in the day, he proposed to increase bilateral trade up to $500m as a first step. “We can offer the Qatari market high-quality goods such as machinery, iron, steel, and agricultural products. Our market also offers access to the Eurasian Economic Union market with a total GDP of $2.6tn. We have a common border with China as well, which gives good opportunities to make trade with this juggernaut using the Belt and Road project,” Tokayev said. Today Kazakhstan and Qatar are more closely connected than ever before, due to a visa-free regime and several direct flights per week. Mr Tokayev invited Qatari energy companies to cooperate with their Kazakh counterparts in geological exploration, petrochemicals, transportation, and oil and gas processing projects. He emphasized that Kazakhstan's renewable energy potential, estimated at one trillion kilowatt-hours, has attracted the attention of global players who have committed to projects with a capacity of 43 gigawatts. “We welcome Nebras Power’s intentions to implement a 350 megawatt hydroelectric power plant and Pearl Overseas’ plans to construct a 1.1 gigawatt combined-cycle plant in Kazakhstan,” he said. The Kazakh president also encouraged Qatari companies to participate in the extraction and processing of critical raw materials such as cobalt and lithium. In the agricultural sector, Kazakhstan can supply halal and organic agricultural products to the Qatari market, Tokayev said, adding that Kazakhstan is also interested in developing the production of meat, fruit, vegetable, grain, flour and other products with further direct supply to Qatar.

business Qatar

President Rahmon Invites Qatari Business to Invest in Tajikistan

During his state visit to Qatar on January 22nd, the president of Tajikistan, Emomali Rahmon, held negotiations in Doha with the emir of the state of Qatar, Sheikh Tamim bin Hamad Al Thani. During the meeting, it was proposed to launch joint transport-transit projects in order to expand the logistics networks between the two countries. This will facilitate the transportation of cargo and passengers, as well as transit to other countries, Rahmon’s press service reported. Also on January 22nd, Rahmon met with Qatar’s business community, expressing his views on a broad scope of cooperation opportunities with leading Qatari companies in the fields of agriculture, transport infrastructure, logistics, civil aviation, and tourism. The president emphasized that the government of Tajikistan is ready to support the proposals of investors to establish cooperation in these priority areas. In his speech to the Qatari business community, Rahmon spoke about the current economic situation in Tajikistan and the macroeconomic stability ensured in the country. The president said that Tajikistan’s GDP growth rate in the last 20 years has been more than 7% on average, and in 2023 reached 8.3%, while inflation was 3.8%. “Today, more than 720 public investment projects worth more than USD 13.8 billion are under implementation in our country.” Rahmon said that attracting investments is a priority for the Tajik government, and in this context, vast opportunities for investment have been created, and tax and customs incentives and guarantees are widely applied. According to Rahmon, Tajikistan’s aluminum production and lithium resources provide for favorable conditions for the production of electric vehicles. “That’s the two main types of materials for the production of electric cars available in our country,” he said. The president pointed out that industrial production can be another future direction of cooperation, adding that projects in the light industry, food, metallurgy, machine building, chemistry, production of construction materials and pharmaceuticals are a priority for Tajikistan. Rahmon also mentioned that Tajikistan is rich in mineral resources, with some 800 deposits of minerals, rare and precious metals, including copper, silver, gold, lead, lithium, antimony, nickel, tungsten, vanadium and other rare minerals having been discovered and partially prepared for mining in Tajikistan. The president added that the reserves of food salt in Tajikistan amount to more than 72 billion tons, which is sufficient to meet the consumption needs of all inhabitants of the planet for this product for more than 300 years.

Diar Diyori Qatar

Infrastructure development: Qatari investors see prospects in Tajikistan

During a state visit to Qatar, Tajik president Emomali Rahmon met with Ahmad Muhammad Tayyib, the head of investment at the Qatari company Diyori, to discuss the implementation of the ‘Diar Dushanbe’ construction project. Qatari companies see prospects for investing in Tajikistan’s tourism infrastructure and social facilities. During the meeting with Mr Rahmon the parties expressed the need for timely realization of the next stages of construction of the project. The Diar Dushanbe project was identified as a “5-star multifunctional complex", which emphasizes its importance for the development of the region. Diar Dushanbe will have an autonomous system for water and energy supply. It will also include business and shopping centers, restaurants, cafes and apartments.