Qatar and Kazakh commerce bodies bolster economic ties

4/2/2018

Qatar Chamber Vice chairman Mohamed bin Ahmed bin Twar met with Astana International Financial Centre (AIFC) CEO Norlan Kussainov at the chamber’s venue on Sunday.

They discussed ways to enhance co-operation between Qatar and Kazakhstan, particularly in the banking and investment fields.

Kazakhstan’s Ambassador to Qatar HE Askar Shokybayev was also present at the meeting.

Qatar and Kazakhstan have distinct relations, which are growing in all fields, Twar said, noting that the Qatari private sector is keen to strengthen cooperation with its Kazakhstani counterpart.

Twar said that businessmen in the two countries will have several opportunities to exchange visits and explore the possibilities of establishing joint ventures.

He was referring to an MoU signed between Qatar and Kazakhstan chambers of commerce on the sidelines of the “Made in Qatar” Exhibition, which was attended by a 50-member Kazakh business delegation.

Twar extended his congratulations on the establishment of the International Financial Centre in Astana and said that Qatari businessmen see the centre as a channel to take Qatari investments into Kazakhstan.

Terming the International Financial Centre in Astana an ambitious project, Norlan Kussainov said it cements Kazakhstan’s position as a leading centre for finance.

“The AIFC has a number of objectives. It will attract foreign investments, open up the Kazakh banking sector and make it easier for insurance companies and Islamic finance institutions to do business,” he said.

“It will attract world leaders in financial services, which in turn will promote best practices in Kazakhstan. It can be expected that the AIFC will boost Kazakhstan’s economic stability and help the country along the path to becoming a top global economy.

“The establishment of AIFC comes in line with the Kazakhstan’s ‘100 Concrete Steps’ strategy,” he added.

Affirming his country’s desire to benefit from the Qatari expertise in financial centres, Kussainov said the Qatar Financial Centre managed to attract many world leading financial and investment institutions.

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