Kazakhstan and Qatar inked commercial documents worth $18 billion at a Feb. 14 investment roundtable in Doha as part of President Kassym-Jomart Tokayev’s state visit to Qatar, reported the Astana Times.
The President underlined Kazakhstan’s transit and logistics capabilities, focusing on major infrastructure projects such as the Aktau seaport, Astana and Almaty’s international airports, numerous dynamic railway and road networks, and high-quality logistics hubs.
“We have high hopes for the development of the Trans-Caspian International Transport Route, the so-called Middle Corridor. We believe that Qatari companies and financial institutions can benefit significantly by exploring business and investment opportunities in this area,” he said.
According to Tokayev, the energy sector is the basis of interaction between the two countries. Kazakhstan is ready to provide ample opportunities for oil and gas exploration.
“We implement global best practices to make significant discoveries possible. To this end, I invite Qatari energy companies to participate in projects in geological exploration, petrochemicals, transportation, and refining of oil and gas,” he noted.