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

On June 29, 2021 an online meeting between Kazakh and Saudi state bodies and companies responsible for the development of trade and economic issues was held under the chairmanship of the Vice-Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebayev.

The Kazakh side was attended by Mr. Kairat Torebayev, the Vice Minister of Trade and Integration of Kazakhstan, H.E. Mr. Berik Aryn, the Ambassador of Kazakhstan to Saudi Arabia, 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.