Kazakhstan and Kuwait Open New Prospects for Financial Cooperation and Investment Partnership

The Ambassador of the Republic of Kazakhstan to the State of Kuwait, Yerzhan Yelekeyev, held a meeting with the Minister of Finance of the State of Kuwait, Yaqoub Al-Refaei.

During the meeting, the parties discussed the development of trade, economic, investment and financial cooperation, as well as the implementation of joint initiatives aimed at further strengthening the Kazakhstan-Kuwait partnership.

The parties paid particular attention to preparations for the fourth meeting of the Kazakhstan-Kuwait Joint Commission on Trade, Economic, Cultural and Humanitarian Cooperation, scheduled for the second half of 2026.

The preparations for the signing of the Agreement between the Government of the Republic of Kazakhstan and the Government of the State of Kuwait for the Avoidance of Double Taxation and the Prevention of Tax Evasion with Respect to Taxes on Income was also discussed. It was noted that work on the Agreement is at its final stage and that its signing will represent an important step toward strengthening the economic partnership between the two countries.

The Ambassador of Kazakhstan briefed his counterpart on the country's key socio-economic indicators, highlighting the steady growth of the Kazakh economy and its position as one of the leading economies in Central Asia. He also presented Kazakhstan's investment potential and promising areas for attracting Kuwaiti investment.

Special attention was also given to expanding cooperation in the field of food security and to implementing joint investment projects aimed at establishing sustainable supply chains for Kazakh agricultural products to the Gulf countries.

In addition, the Minister of Finance of the State of Kuwait was presented with an official invitation from the Minister of Finance of the Republic of Kazakhstan to pay an official visit to Kazakhstan.

The Kuwaiti side gratefully accepted the invitation and expressed its interest in considering the Kazakh side's initiatives aimed at expanding trade, economic and investment cooperation.