Qatar Investment Authority’s investment arm Hassad Food has signed a memorandum of understanding (MoU) with Baiterek National Management Holding to study investment projects aimed at contributing to achieving food security for the State of Qatar.
Baiterek National Management Holding is the key institution of the Kazakhstan government that meets the advanced standards of corporate governance and ensures the implementation of objectives for the sustainable development of the economy of Kazakhstan, through its diversification, support for innovations, exports development, increase in labor productivity.
The MoU was signed on the sidelines of the Emir of Qatar, His Highness Amir Sheikh Tamim bin Hamad al-Thani’s current visit to Kazakhstan. The MoU was signed by the chief executive officer, of Hassad Food, Engineer Mohamed al-Sadah, and chairman of the board, of Baiterek National Management Holding, Mr. Kanat Sharlapaev.
According to the statement, both parties agreed to study ways of collaboration in the field of agricultural investments.
Commenting on the signing of the MoU, Eng. al-Sadah said that “it is our pleasure to sign the MoU with Baiterek National Management Holding, given that Central Asia is considered one of Hassad’s targeted strategic areas.”
“There are promising investment opportunities for both parties in the field of agricultural investment and we look forward to working together through this agreement to identify the suitable opportunities, in line with Hassad’s investment strategy, to contribute to achieving food security,” the CEO added.