ASTANA, Kazakhstan, February 15. One of the largest sovereign funds in the world, the Qatar Investment Authority, plans to enter the financial market of Kazakhstan, said the head of the fund, Mansoor Bin Ebrahim Al-Mahmoud, Trend reports.
He made the remark during a meeting with Kazakh President Kassym-Jomart Tokayev in Doha.
He also stated that the fund is considering developing a project
for deep processing agricultural products in Kazakhstan.
Kassym-Jomart Tokayev remarked that mutually beneficial cooperation
between the Qatar Investment Authority and Kazakhstan's
Samruk-Kazyna Fund might be the primary driving force behind the
two nations' economic partnership.
In addition, the parties addressed the idea of establishing a
Kazakh-Qatari direct investment fund in the Astana International
Financial Center.
At the end of the meeting, Tokayev invited Mansoor Bin Ebrahim Al-Mahmoud to take part in the Astana International Forum.
Furthermore, trade turnover between Kazakhstan and Qatar more than doubled and amounted to 9.6 million from January through November 2023 (from January through November 2022 - $3.96 million).
Kazakhstan's exports to Qatar for the above period amounted to $5.36 million, and imports - $4.3 million.