Kazakhstan Bets on a Strategic Partnership with Kuwait in the Areas of Investment and Food Security

The Ambassador of the Republic of Kazakhstan to the State of Kuwait, Yerzhan Yelekeyev, held a meeting with the State Minister for Economic Affairs and Investment of the State of Kuwait, Abdulaziz Al-Marzouq.

Particular attention was paid to strengthening cooperation in the agro-industrial sector and ensuring food security. The Kazakh side presented the country’s potential as one of the leading producers of agricultural products in Central Asia, as well as opportunities for expanding exports of value-added agricultural products.

The Kuwaiti side emphasized that ensuring food security is one of its key national priorities and that cooperation with Kazakhstan in this area is important not only for the State of Kuwait, but for the region as a whole.

Special attention was given to the development of Alatau City, one of the largest investment projects in Kazakhstan. The parties noted its strong investment potential and expressed confidence that the project could attract the interest of Kuwaiti businesses and investors, opening up new opportunities for bilateral investment cooperation.

During the meeting, Ambassador conveyed an invitation from the Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan, Serik Zhumangarin, inviting the State Minister to pay a visit to Kazakhstan.

The parties reaffirmed their mutual interest in further expanding trade, economic and investment cooperation, as well as in implementing joint projects of mutual interest.

State Minister for Economic Affairs and Investment of the State of Kuwait, also serves as Chairman of the Board of Directors of the Kuwait Investment Authority (KIA), the sovereign wealth fund of the State of Kuwait and one of the world’s largest sovereign investment funds, with assets under management estimated at approximately USD 1 trillion. In addition, minister chairs the Board of Directors of the Kuwait Direct Investment Promotion Authority (KDIPA) – the government authority responsible for attracting foreign direct investment, facilitating strategic investment projects, and enhancing the investment attractiveness of the State of Kuwait.