Qatar is set to direct
$20 billion in investments to Kazakhstan for the implementation of nine joint
projects. This is outlined in the agreement on long-term strategic partnership
with this country, which has been ratified by the Senate, an Upper House of the
Kazakh Parliament. It is expected that the lion's share of investments under
this agreement will be directed to improve the country's energy infrastructure.
Specifically, the funds will be utilized to build a gas processing plant at the
Kashagan field, the Aktobe-Kostanai main gas pipeline, and the second line of
the Beineu-Bozoi-Shymkent main gas pipeline. Additionally, projects funded by
Qatari investments will include the construction of a power plant in the
Kyzylorda region and a hydroelectric power station on the Irtysh River. Furthermore,
100 percent of the shares of one of the second-tier banks and a
telecommunications operator will be acquired.
«As part of the
agreement, Kazakhstan will provide customs benefits in the form of exemption
from obligations to pay customs duties when importing equipment, raw materials,
and supplies to facilitate the implementation of investment projects, as well
as tax incentives provided for by national legislation,» said Bibigul
Akkuzhina, member of Senate, an Upper House of the Kazakh Parliament.
«The agreement has been developed to implement
joint investment projects with the State of Qatar on the territory of our
country in the fields of telecommunications, energy, transport, petrochemicals,
agriculture, and finance. We hope that the approved law will contribute to the
development of the national economy and strengthen cooperation between the two
countries,» noted Maulen Ashimbayev, Chairperson of Senate, an Upper House of the
Kazakh Parliament.
Web-editor: Гайни Жумабек
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