QBA Business Lunch with Kazakhstan Business delegation

05 Nov 2018 Marriott Marquis Hotel

QBA Members attended

The Qatari Businessmen Association (QBA) organized a Business lunch with a delegation of Kazakhstan Businessmen including the members of “Kazakh invest” on the sidelines of their visit to Qatar. The delegation was led by Mr. Saparbek Tuyakbaev, the CEO of Kazakh Invest and in the presence of H.E. Mr. Askar Shokybayev, Ambassador of the Republic of Kazakhstan to Qatar. The visit aims at developing the Cooperation between the two countries and exploring the potential partnership opportunities as well as presenting the investment opportunities in the Republic of Kazakhstan and highlighting its role as a gateway to many neighboring markets.

From the Qatari Businessmen Association, Sheikh Nawaf Bin Nasser Al Thani, QBA Board member attended the meeting, along with QBA Members, Mr. Saud Al Mana, Mr. Salah Al Jaidah, Mr. Nasser Sulaiman Al Haidar, Sheikh Faisal Bin Fahd Al Thani, Mr. Maqbool Khalfan, Mr. Ihsan Al Khyiami and from Nasser Bin Khalid Company "NBK" Sheikh Khalid bin Nawaf Al Thani, as well as Ms. Sarah Abdullah, Deputy Director General of the Association

At the beginning of the meeting, Sheikh Nawaf bin Nasser welcomed Mr. Saparbek Tuyakbaev and H.E. Mr. Askar Shokybayev and their accompanying delegation and stressed on the importance of this visit, which aims at discussing the means of trade and creating a platform for the Qatari businessmen and their counterparts in Kazakhstan to network. He also pointed at the interest of the Qatari private sector to explore the partnership opportunities in Kazakhstan and to identify the incentives provided for investments

For his part, HE Mr. Askar Shokybayev, Ambassador of the Republic of Kazakhstan to the State of Qatar, expressed his happiness with this meeting, stressing that the Qatari market is an important market for Kazakhstan in light of the possibilities and opportunities currently available. He also called on Kazakh companies to introduce their companies to the Qatari businessmen and talk about the different sectors they represent, Such as construction, hospitality and tourism, logistics, mining, energy and engineering

During the meeting, Mr. Saparbek Tuyakbaev, the CEO of Kazakh Invest, explained the recent reforms done by the State on both the legal infrastructure and taxation levels along with other procedures taken to create incentives for foreign investors. He also presented an overview of the investment climate and the most important opportunities and projects in the country's economic sectors such as energy, mining, food production, real estate, agriculture and entertainment. He also talked about the application of international arbitration laws to ensure the preservation of the rights of foreign investors and pointed at the availability of skilled labor with competitive wages.

From their part, QBA members talked about the important initiatives provided by the State to the foreign investor, 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 Qatar Port.

The two sides discussed the current economic situation and the state's approach towards self-sufficiency in various vital sectors and the possibility of partnership under the investment incentives offered by Qatar