Ways of expanding trade and economic cooperation discussed between Kazakhstan and Saudi Arabia

On June 29, 2021, Kazakhstan and Saudi Arabia government entities and companies responsible for the development of trade and economic issues held a virtual meeting with the assistance of the Embassy of Kazakhstan to Saudi Arabia.

The Kazakh side was attended by H.E. Mr. Berik Aryn, the Ambassador of Kazakhstan to Saudi Arabia, Mr. Kairat Torebayev, the Vice Minister of Trade and Integration of Kazakhstan, Mr. Ayan Yerenov, the Chairman of the Board of Chamber of International Commerce of Kazakhstan, Mr. Nuraly Bukeikhanov, the Deputy CEO of the “QazTrade” Center for Trade Policy Development JSC and others.

The Saudi delegation was headed by H.E. Mr. Abdulrahman Al Harbi, the Governor of the General Authority for Foreign Trade of Saudi Arabia, and also included H.E. Mr. Abdulaziz Al-Daoud, the Ambassador of Saudi Arabia to Kazakhstan, Mr. Meshari Alquwayzani, the Director-General at the Saudi Export Development Authority, as well as representatives of the Federation of Saudi Chambers, Saudi Exim Bank, SALIC and Jamjoom Pharma companies, etc.

During the meeting, the parties discussed ways to expand trade and economic cooperation between the countries by supporting the promotion of Kazakh and Saudi exporters in the two countries’ markets and organizing mutual visits and thematic events. Besides, the “QazTrade” Center and several Saudi companies made presentations on their activities.

Following the talks, the parties agreed to intensify joint efforts to launch the Kazakh-Saudi Business Council’s activities and promote the establishment of direct contacts between the two countries' business communities.