Kazakhstan Strengthens Investment and Trade Relations with Kuwait

Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu invited Kuwaiti investors to take part in major projects in Kazakhstan, assuring them of full support.

Nurtleu made the remarks during the third ministerial meeting of the Central Asia - Gulf Cooperation Council held on April 15, according to the Foreign Ministry’s press service, The Caspian Post reports citing Kazakh media.

At a meeting with Waleed Al-Bahar, a director general of the Kuwait Fund for Arab Economic Development (KFAED), Nurtleu discussed expanding cooperation in sustainable development and financing infrastructure and socially significant projects. The sides focused on attracting KFAED resources to initiatives in energy, water supply, and agriculture.

In talks with Imad Al-Zaid, a deputy director general of the Kuwait Chamber of Commerce and Industry, Nurtleu exchanged views on enhancing bilateral trade, stimulating business activity, and creating favorable conditions for stronger ties between the business communities of both countries. Key areas of interest included the agro-industrial complex, raw materials processing, and transport and logistics.

The Kuwaiti side expressed interest in organizing business delegation exchanges to explore investment opportunities. Al-Bahar also confirmed his participation in the Astana International Forum, scheduled for May 29-30.