President Kassym-Jomart Tokayev took part in the Kazakhstan – Qatar Investment Roundtable

He said that the path our country has chosen has some similarities with Qatar’s. Kazakhstan’s open door policy, vast resources and free market reforms have attracted many foreign companies, including those from Qatar. Building a diversified and sustainable economy is a top priority for Kazakhstan.

The Kazakh leader expressed his hope that many of those present at the event will contribute to the successful development of Kazakh-Qatari economic relations. For its part, the state is ready to provide tax and customs preferences, co-financing of projects, partial guarantees and export support mechanisms.

He proposed to intensify the efforts of the Kazakhstan-Qatar Joint High-Level Commission and the Business Council to bring the partnership to a new level. Kazakhstan expects that the recently ratified Agreement on Encouragement and Mutual Protection of Investments will strengthen investment cooperation between the countries.

According to President, today Kazakhstan and Qatar are more closely connected than ever before due to visa-free regime and almost 20 direct weekly flights. At the same time, our country is actively diversifying and expanding its transit and logistics capabilities.

According to Kassym-Jomart Tokayev, the energy sector is the basis of cooperation between the two countries. Kazakhstan is ready to provide ample opportunities for oil and gas exploration.

Special attention in the speech was paid to interaction in the renewable energy sector. Kazakhstan’s huge renewable energy potential, estimated at one trillion kilowatt-hours, has attracted the attention of global players who have committed to implement projects with a capacity of 43 gigawatts.

He invited Qatari companies to participate in the extraction and processing of critical raw materials such as cobalt, lithium and other raw materials necessary for the global economy. At the same time, the Head of State emphasized that he has high hopes for partnership in the field of agriculture.

The speech also noted that the digitalization sector is high on the agenda of both countries as they strive to become leading technology hubs.

The leader of Kazakhstan called another important area of interaction between the two countries contacts in the field of medicine, pharmaceuticals and biotechnology.

Following the results of the round table a number of documents were signed between business circles of Kazakhstan and Qatar.