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Kazakhstan, Qatar sign contracts worth $500 mln

Kazakhstan Materials 10 June 2023 13:58 (UTC +04:00)
Asmar Bayramova
Asmar Bayramova
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BAKU, Azerbaijan, June 10. Kazakhstan's Kazakh Invest national company, in collaboration with the Samruk-Kazyna National Welfare fund and the Embassy of Kazakhstan in Qatar, organized a business meeting with a Qatari delegation during the sidelines of the Astana International Forum, Trend reports.

Led by Sheikh Khalifa Bin Jassim Bin Mohammed Al Thani, the delegation expressed a strong commitment to further enhancing cooperation between Qatar and Kazakhstan. The event saw the participation of over 50 business representatives from both countries.

Representatives from leading Qatari companies, including Nasser bin Nawaf & Partners Holdings, Qatar Insurance, Masraf Al Rayan, Power International Holding, and others, presented their activities and investment interests. On the Kazakh side, executives from Baiterek Holding, KIDF, Qazaq Gaz, and other companies delivered presentations on their respective operations.

The business meeting concluded with the signing of five documents worth $500 million:

- Memorandum of Understanding between Baiterek National Management Holding, CICC, and Power International Holding for the establishment of joint investment funds in the dairy production sector;

- Memorandum of Understanding and Cooperation between Kazakh Invest and the Investment Promotion Agency Qatar (IPA Qatar);

- Memorandum of Understanding and Cooperation between Kazakh Invest and the Qatar Businessmen Association;

- Memorandum of Understanding and Cooperation between the Atameken National Chamber of Entrepreneurs and the Qatar Businessmen Association;

- Framework Agreement outlining the key principles for the implementation of a medical hub project in Nur-Sultan between the Ministry of Health of Kazakhstan and Power International Holding.

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