Qatar Chamber vice-chairman Mohamed bin Towar al-Kuwari, who met with AIFC CEO Nurlan Kussainov and Kazakhstan ambassador Askar Shokybayev, said Qatar and Kazakhstan enjoy “distinct relations, which are growing in all fields.”
Al-Kuwari noted that the Qatari private sector welcomes the “strengthening of co-operation ties” with major players of Kazakhstan’s private sector, citing a memorandum of understanding (MoU) signed by both countries’ chambers of commerce on the sidelines of the ‘Made in Qatar’ expo in December 2017.
The MoU aims to strengthen co-operation between the Qatari and Kazakh private sectors and encourages more visits from the two countries' business community to establish joint projects and exchange experiences between Qatari companies and their counterparts in Kazakhstan.
Kussainov said the AIFC is a new platform for management companies, investment banks, funds, and companies providing alternative financial instruments and financial technology.
He said the AIFC aims to attract foreign investment, open up the Kazakh banking sector, and make it easier for insurance companies and Islamic finance institutions to do business.
“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,” he said.
Kussainov pointed out that the government of Kazakhstan is looking forward to benefit from the Qatar’s experience in the field of finance. He also praised the “great success” achieved by the Qatar Financial Centre in attracting many international financial and investment institutions.
Qatar Chamber vice-chairman Mohamed bin Towar al-Kuwari speaks during a meeting with AIFC CEO Nurlan Kussainov and Kazakhstan ambassador Askar Shokybayev in Doha recently.
Private sector leader Qatar Chamber and Kazakhstan-based Astana International Financial Center (AIFC) reviewed ways to enhance co-operation ties in various sectors, particularly in the banking and investment fields.
