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    Kazakhstan

    President Kassym-Jomart Tokayev participates in Kazakhstan-Qatar investment roundtable

    President Kassym-Jomart Tokayev participates in Kazakhstan-Qatar investment roundtable

    The President of Kazakhstan, Kassym-Jomart Tokayev has extended profound appreciation to the Government of Qatar and the esteemed "Qatari Businessmen Association" for their steadfast commitment in nurturing economic ties between the two nations, official website for the President of Kazakhstan reported on February 14.

    Photo: President of Kazakhstan, Kassym-Jomart Tokayev has extended profound appreciation to the Government of Qatar 
    Source: Akorda

    A recent high-level discussion between the leadership of Kazakhstan and Qatar has yielded a plethora of agreements spanning diverse sectors, aiming to fortify the multifaceted relations between the two nations. The President of Kazakhstan effusively lauded Qatar's remarkable progress under the able guidance of His Highness Sheikh Tamim bin Hamad Al Thani, heralding it as a beacon of inspiration for nations worldwide. He extolled the visionary "Qatar – 2030" national program for its audacious synthesis of modernization and traditional values, identifying it as a blueprint for sustainable development.

    Drawing parallels between their respective trajectories, the President accentuated Kazakhstan's unwavering commitment to an open-door policy, vast resource endowments, and pragmatic free market reforms, which have attracted substantial foreign investment, including from Qatar. Proposals were proffered to intensify collaborative efforts through the Kazakhstan-Qatar Joint High-Level Commission and Business Council, with the aim of elevating bilateral relations to unprecedented heights.

    A pivotal milestone in this journey is the recent ratification of the Agreement on Encouragement and Mutual Protection of Investments, poised to catalyze investment cooperation between the two nations. The President articulated a bold vision of significantly augmenting bilateral trade, setting an initial target of half a billion dollars. Kazakhstan, leveraging its strategic geographic position, stands poised to offer a diverse array of high-quality goods while providing access to expansive markets, including the Eurasian Economic Union and China's One Belt One Road initiative.

    Photo: President of Kazakhstan, Kassym-Jomart Tokayev has extended profound appreciation to the Government of Qatar 
    Source: Akorda
    Kazakhstan boasts sustainable infrastructure projects, ranging from the expansive Aktau Port to dynamic railway networks and modern international airports, offering lucrative prospects for Qatari enterprises and financial institutions. The nascent development of the Trans-Caspian International Transport Route augurs well for mutually beneficial collaboration in this sphere.

    The energy sector emerges as a linchpin of cooperation, with Kazakhstan extending open invitations to Qatari energy firms for collaborative ventures in oil and gas exploration, petrochemicals, and transportation projects. Notably, significant agreements were forged for the construction of gas processing plants and pipelines, underscoring the burgeoning prospects in this domain.

    Photo: President of Kazakhstan, Kassym-Jomart Tokayev 
    Source: Akorda

    Moreover, Kazakhstan's renewable energy potential has garnered global interest, with partnerships already in motion for hydroelectric and combined-cycle power plants. Qatari entities are encouraged to partake in the extraction and processing of critical raw materials, aligning seamlessly with Kazakhstan's vision of becoming a reliable supplier across various sectors.

    The agricultural domain presents yet another fertile ground for collaboration, with Kazakhstan's expansive arable land offering boundless opportunities for the production and export of halal and organic agricultural products to Qatar. Initiatives such as the construction of grain processing plants epitomize the shared commitment to mutual prosperity.

    Photo: Kazakhstan's renewable energy potential has garnered global interest
    Source: Akorda

    Kazakhstan and Qatar stand poised to become veritable bastions of technological advancement, with a pronounced focus on digitalization and artificial intelligence. Kazakhstan's strides in embracing digital technologies and ambitious plans for infrastructure development resonate harmoniously with Qatar's vision for technological prowess.

    Furthermore, collaboration in the spheres of medicine, pharmaceuticals, and biotechnology holds immense promise, with vast potential for mutual growth and innovation. The Astana International Financial Center serves as a conduit for fortifying business ties and fostering direct investment through platforms such as the Kazakh-Qatari direct investment fund.

    President of Kazakhstan, Kassym-Jomart Tokayev extended a heartfelt invitation to Qatari businessmen to partake in the forthcoming Astana International Forum 2024 on June 13-14, in Kazakhstan.

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    15.02.2024, 19:00   Comments (0)   1731
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