Representatives of Kazakhstan held a virtual meeting with the Saudi National Companies Promotion Program

On June 7, 2021, the Embassy of Kazakhstan in Saudi Arabia organized a virtual meeting between the National Companies Promotion Program (NCPP) under the Ministry of Investments of Saudi Arabia, the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan and the “Kazakh Invest” National Company” JSC.

The Kazakh side was represented by H.E. Mr. Berik Aryn, the Ambassador of Kazakhstan to Saudi Arabia, Mr. Ardak Zebeshev, the Acting Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan and Mr. Meirzhan Yussupov, the Chairman of "Kazakh Invest". The Saudi delegation was headed by Mr. Badr Al-Badr, the Chairman of the NCPP.

The Saudi representatives were informed about the measures taken by the Government to develop various areas of the economy of Kazakhstan. They also had been briefed on the favorable environment for foreign investors to conduct an easy and transparent business in Kazakhstan, including visa liberalization, protection of investors’ rights, reduced administrative barriers, etc.

Following the meeting, the parties agreed to continue consultations on the participation of Saudi companies in investment projects implemented in Kazakhstan, as well as to promote the establishment of direct contacts between companies of the two countries.