Qatar, Kazakhstan explore ways of collaboration in various sectors

By Shilpa Annie Joseph, Desk Reporter
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The Qatar-Kazakhstan Business Council is planning a number of initiatives to help strengthen the two countries’ growing trade relations, including hosting a Qatari-Kazakhstan business forum in Nur-Sultan, Kazakhstan, and collaborating on projects in agriculture, construction, tourism, finance, and other sectors.

Mr. Almassadam Satkaliyev, an official of the Qatar-Kazakhstan Business Council has highlighted the potential of forging several investment initiatives in a variety of industries, especially in the agriculture sector.

Mr. Satkaliyev, who represents Kazakhstan on the joint business council, made the remarks during a speech at Qatar Chamber’s Qatar-Kazakhstan Business Council meeting in Doha.

During the meeting, Mr. Alibek Kuntirov, Kazakhstan’s Deputy Minister of National Economy, praised the two countries’ economic relations and stated that “there are broader areas for investment cooperation,” particularly in banking, air freight, and air transport.

According to Deputy Minister of Agriculture Mr. Ruslan Manatayev, Kazakhstan’s government is also implementing a development program for its agricultural sector, “which will result in many investment opportunities in this industry.” He said, “5mn sq km of arable land with the availability of groundwater, makes the agricultural sector attractive sector for investment.”

Qatar Chamber First Vice Chairman Mr. Mohammed bin Ahmed bin Tawar Al Kuwari commented that Qatar Chamber was looking forward to establishing commercial partnerships between business owners in the two friendly countries.

He pointed out that Qatari-Kazakhstan relations are witnessing a remarkable development in all fields, especially in trade, economic, and investment sectors.

The council held a panel discussion titled “Economic and Investment Prospects for Co-operation between the State of Qatar and the Republic of Kazakhstan” at the meeting, which participated a number of business owners and representatives from both sides.

The panel looked at the many investment prospects as well as the most essential projects in various industries. The participants were also given information about foreign investor incentives and facilities.

Further, participants from both sides discussed strategic investment prospects and projects in agriculture, livestock, mining, and other industries, as well as major tourist sites in Kazakhstan.

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