{"id":41631,"date":"2023-12-21T13:10:54","date_gmt":"2023-12-21T10:10:54","guid":{"rendered":"https:\/\/embassylife.ru\/?p=41631"},"modified":"2023-12-21T13:04:13","modified_gmt":"2023-12-21T10:04:13","slug":"%d0%ba%d0%b0%d0%b7%d0%b0%d1%85%d1%81%d1%82%d0%b0%d0%bd-%d0%b8-%d1%81%d0%b0%d1%83%d0%b4%d0%be%d0%b2%d1%81%d0%ba%d0%b0%d1%8f-%d0%b0%d1%80%d0%b0%d0%b2%d0%b8%d1%8f-%d0%bd%d0%b0-%d0%bf%d1%83%d1%82%d0%b8","status":"publish","type":"post","link":"https:\/\/embassylife.ru\/en\/2023\/12\/21\/41631\/","title":{"rendered":"Kazakhstan and Saudi Arabia on the way to strategic partnership"},"content":{"rendered":"<p>Riyadh, December 20, 2023 \u2013 The 6th meeting of the Kazakh-Saudi Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation (IGC) was held in the capital of the Kingdom of Saudi Arabia, Riyadh. The Commission is co-chaired by Deputy Prime Minister \u2013 Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu and Minister of Investments of the KSA Khalid bin Abdulaziz Al-Falih.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.gov.kz\/uploads\/2023\/12\/20\/cec196e7443c21c4c7c4d6928ece1d98_1280x720.JPG\" \/><\/p>\n<p>The Kazakh delegation included heads of government agencies, as well as heads of large national and private companies. Within the framework of the IPC meeting, a Kazakh-Saudi investment round table was organized with the participation of over 100 business representatives of the two countries.<\/p>\n<p>Opening the event, the Head of the Ministry of Foreign Affairs of Kazakhstan M.Nurtleu noted the strategic importance of enhancing cooperation between the public and private sectors of the two countries. The Minister drew attention to the huge potential of the Saudi market for strengthening trade and economic relations, as well as unlimited prospects for expanding investment partnership.<\/p>\n<p>The head of the Kazakh delegation noted that both countries have significant opportunities to further deepen contacts in such sectors of the economy as green energy, food security, transport and logistics, mining, petrochemicals, agriculture, finance and tourism. &#8220;Saudi Arabia is Kazakhstan&#8217;s most important partner, both in the Middle East and in the international arena as a whole. Personal trusting contacts between our leaders create a solid foundation for mutually beneficial bilateral cooperation and open up wide opportunities for us,&#8221; M. Nurtleu said.<\/p>\n<p>At the same time, at the meeting of the Commission, representatives of government agencies of the business circles of Kazakhstan and Saudi Arabia made specific proposals, who exchanged views on the most important issues on the bilateral agenda, and also discussed ways to implement strategically important projects in various fields. Saudi investors were presented with the investment opportunities of our country, government support measures and new approaches used in attracting investments.<\/p>\n<p>Speaking to businessmen of the two countries at the investment round table, M. Nurtleu noted that despite the difficult economic situation in the world, comprehensive relations between Astana and Riyadh continue to develop actively. A solid basis for this is the serious interest of the business circles of the two countries in bringing cooperation to a real mutually beneficial plane. Saudi companies were invited to Kazakhstan to explore the potential of our country with the subsequent creation of joint ventures.<\/p>\n<p>The Saudi Co-chairman of the IPC, Khalid Al-Falih, noted the high interest of the Kingdom&#8217;s leadership in strengthening diverse ties with Kazakhstan, which is considered as the leader of the Central Asian region. &#8220;Kazakhstan is the largest country with a huge territory, the richest reserves of natural resources and high human capital. It is extremely important for us today to bring relations with your country to the most serious level, which implies a trusting political dialogue, mutually beneficial trade and economic ties, as well as large-scale investments in your economy,&#8221; the Saudi minister said.<\/p>\n<p>The event was also attended by the heads of more than 30 large companies of the Kingdom representing various business sectors, including such giants as Saudi Aramco and ACWA Power. It should be noted that the latter is already starting to implement renewable energy projects in Kazakhstan.<\/p>\n<p>Following the events, the Protocol of the 6th meeting of the Intergovernmental Commission was signed, as well as a Memorandum of Understanding between the Development Bank of Kazakhstan and the Export-Import Bank of Saudi Arabia.<\/p>\n<p>According to the signed Protocol, the parties intend to open a joint innovation hub early next year, which will allow Kazakh startup projects to gain access to the markets of the Middle East and North Africa and will contribute to the promotion of Kazakhstan&#8217;s country brand as an IT country.<\/p>\n<p>In addition to participating in the meeting of the Intergovernmental Commission, the Head of the Foreign Ministry of the Republic of Kazakhstan held bilateral talks with the Minister of Investment of the KSA H.Al-Falih, Chairman of the Board of Directors of ACWA Power Mohammed Abunayan and President of the Islamic Development Bank Mohammed Al-Jasser. The prospects for further development of investment cooperation, Islamic financing, and the implementation of joint infrastructure projects in Kazakhstan were discussed.<\/p>\n<p>As part of the work of the IPC, an intergovernmental agreement was also signed between Kazakhstan and Saudi Arabia on the exemption of holders of diplomatic and service\/special passports from visa requirements.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.gov.kz\/uploads\/2023\/12\/20\/e690cef24d5fc3d1c3cd4bf1e4b8abea_1280x720.JPG\" \/><\/p>\n<p>A source: <a href=\"https:\/\/www.gov.kz\/memleket\/entities\/mfa\/press\/news\/details\/674704?lang=ru\">www.gov.kz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, December 20, 2023 \u2013 The 6th meeting of the Kazakh-Saudi Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation (IGC) was held in the capital of the Kingdom of Saudi Arabia, Riyadh. The Commission is co-chaired by Deputy Prime Minister \u2013 Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu and<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/embassylife.ru\/en\/2023\/12\/21\/41631\/\" title=\"Read More\">Read More<\/a><\/div>\n","protected":false},"author":1,"featured_media":41632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3794,3002],"tags":[4611,15143,13993,13367,16611,16612,436,16610,1639],"class_list":{"0":"post-41631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-3794","8":"category-3002","9":"tag-saudi-aramco","10":"tag-acwa-power","11":"tag-13993","12":"tag-13367","13":"tag-16611","14":"tag-16612","15":"tag-436","16":"tag-16610","17":"tag-1639"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kazakhstan and Saudi Arabia on the way to strategic partnership<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/embassylife.ru\/en\/2023\/12\/21\/41631\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:locale:alternate\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kazakhstan and Saudi Arabia on the way to strategic partnership\" \/>\n<meta property=\"og:description\" content=\"Riyadh, December 20, 2023 \u2013 The 6th meeting of the Kazakh-Saudi Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation (IGC) was held in the capital of the Kingdom of Saudi Arabia, Riyadh. 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Riyadh. 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