H.E. The Minister of Commerce and Industry: Qatar looks forward to establishing a strategic partnership with Kazakhstan

February 15, 2020

H.E. Mr. Ali bin Ahmed Al-Kuwari, the Minister of Commerce and Industry, and H.E. Mr. Raslan Dalenov, Kazakhstan’s Minister of National Economy, co-chaired the fifth session of the Qatari-Kazakh Joint Higher Committee, which was held in Nur Sultan on February 13-14.

Discussions touched on the promotion of bilateral cooperation in various sectors of mutual interest to both countries

Speaking at the opening of the session, H.E. Mr. Al Kuwari highlighted the friendly relations, strong ties and bilateral cooperation between Qatar and Kazakhstan, urging increased efforts to establish a strategic partnership in the trade and investment fields.

H.E. called for increased cooperation on the governmental level to engage the Qatari and Kazakh business sectors in dialogue and to enable the private sector in both countries to enter into successful investment partnerships that will bolster bilateral relations.

H.E. noted the importance of following up on the recommendations issued by the Qatari-Kazakh Joint Higher Committee during its previous session in Doha, particularly when it comes to the activation of the agreement on the establishment of a joint businessmen council, which was signed in 2008 to bolster bilateral investments and trade.

H.E. also hailed the progress achieved in terms of the signing of new memoranda of cooperation and the activation of existing agreements including an agreement on the protection and promotion of mutual investments and a memorandum of understanding on air transport, which was ratified on November 7 2019, to operate 7 flights between the cities of Doha and Nur Sultan and 7 additional flights between Doha and the city of Almaty. The MoU will pave the way for further collaboration in the touristic field, H.E. said.

H.E. added that Qatar looks forward to contributing to the privatization program that Kazakhstan is currently undertaking and to channeling investments into sectors that will serve the development orientations of both countries.

Touching on Qatar’s economic performance, H.E. said the country has succeeded in achieving balanced economic growth as well as economic diversification and independence in line with its National Vision 2030 and the Second National Development Strategy 2018-2022.

In this context, Qatar has sought to accelerate the implementation of initiatives and measures aimed at cementing its leading position as a leading regional investment and business hub, H.E. said, noting that Qatar has worked on improving its business environment to attract foreign investors.

In addition to opening its economy to global markets and building fruitful international partnership, H.E. explained that Qatar is capitalizing on its advanced infrastructure such as Hamad International Airport, Hamad Port, free zones and logistical and industrial areas.

Thanks to these efforts, Qatar has been ranked among the top 20 countries to undertake reforms to improve the ease of doing business for the year 2020, H.E. said.

The fifth session of the Qatari-Kazakh Joint Higher Committee touched on cooperation in sectors of mutual interest. Both sides discussed the recommendations issued by the joint committee during its previous session in Doha in 2015 in addition to exiting projects, expansion plans and current challenges.  The committee also discussed issues related to strengthening cooperation between both countries in various fields, including the trade, investment, industry, agriculture, health, education, infrastructure and energy sectors.

The two sides agreed to take the necessary steps to bolster commercial, investment and industrial cooperation with the aim of increasing bilateral trade and easing the flow of goods, services and investments between both countries.

H.E Mr. Al-Kuwari, and H.E. Mr. Dalinov, co-signed the minutes of the meeting at the conclusion of fifth session of the Qatari- Kazakh Joint Higher Committee.