Economic and Investment Issues of Cooperation Were Discussed with the Head of the Saudi Fund for Development (SFD)

Riyadh, July 24, 2024 – The Ambassador of Kazakhstan to Saudi Arabia Madiyar Menilbekov met with the CEO of the Saudi fund for development (SFD) Sultan Al-Marshad.

The parties discussed the prospects for the further development of investment and economic cooperation, Islamic finance, and the implementation of joint infrastructure projects in Kazakhstan.

 Ambassador M.Menilbekov briefed about the key directions of the comprehensive internal political and socio-economic modernization of Kazakhstan, including the main aspects of the new political course of the President of the Republic of Kazakhstan K. Tokayev, aimed at improving the investment climate in the country and improving the well-being of the population.

The Ambassador presented the Head of the SFD with an invitation on behalf of the Deputy Prime Minister - Minister of National Economy of the Republic of Kazakhstan N.Baybazarov to participate in the Round Table of the Arab coordination group, which will be held on September 2024 in Astana.

The Saudi fund for development (SFD) is one of the large financial institutions of Saudi Arabia, which has previously implemented a number of important infrastructure projects in Kazakhstan, including the construction of the Astana-Karaganda highway.