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QBA looking to boost ties with Kazakhstan.

QBA officials after the meeting with the trade delegation from Kazakhstan.

The Qatar Businessmen Association (QBA) held a meeting with a business delegation from Kazakhstan to develop and explore potential partnerships for investments between both the parties. QBA hosted a luncheon with the delegation led by Kazakh Invest national company chairman Saparbek Tuyakbayev, who was accompanied by Kazakhstan ambassador Askar Shokybayev. QBA board member Sheikh Nawaf bin Nasser al-Thani presided over the meeting in the presence of QBA members Saud al-Mana, Salah al-Jaidah, Nasser Sulaiman al-Haidar, Sheikh Faisal bin Fahd al-Thani, Maqbool Khalfan and Ihsan al-Khyiami, as well as deputy director-general Sarah Abdullah and Sheikh Khalid bin Nawaf al-Thani from Nasser Bin Khalid Company. The meeting discussed ways of creating networking platforms for Qatari businessmen and their counterparts in Kazakhstan and stressed on the Qatari private sector's keen interest to explore partnership opportunities in Kazakhstan and to identify investment incentives. Shokybayev stressed that the Qatari market "is an important one" for Kazakhstan. He also called on Kazakhstani companies to introduce their products and services covering different sectors like construction, hospitality and tourism, logistics, mining, energy, and engineering. Tuyakbaev, on the other hand, discussed recent reforms on both the legal infrastructure and taxation levels, including other procedures taken to create incentives for foreign investors. He also delivered an overview of Kazakhstan's investment climate and the top opportunities and projects in the country's economic sectors such as energy, mining, food production, real estate, agriculture, and entertainment. Tuyakbaev also discussed the application of international arbitration laws to ensure the preservation of the rights of foreign investors and pointed at the availability of skilled labour and competitive wages in his country. QBA members also spoke on initiatives implemented by the State, such as the new investment law, which provides 100% ownership in most economic sectors, in addition to the state-owned logistics facilities such as free zones, Hamad International Airport, and the Qatar Port. The two sides also discussed the current economic situation and the State's goals on self-sufficiency in various vital sectors and possible partnerships under the investment incentives offered by Qatar.

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Publication:Gulf Times (Doha, Qatar)
Geographic Code:9KAZA
Date:Nov 5, 2018
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