As part of Sultan Haitham bin Tariq Al Said’s state visit to Kazakhstan, the Kazakhstan-Oman Business Forum was held in Astana, bringing together representatives of the business communities of both countries. Addressing the forum, President Kassym-Jomart Tokayev emphasized the need to strengthen the legal and institutional framework to further develop trade, economic and investment ties between the two countries. He also highlighted the importance of the Bilateral Investment Treaty, which is designed to provide investors with more predictable, transparent and reliable conditions for implementing projects.
«We welcome the signing of the agreement to launch a joint investment structure between Samruk-Kazyna and the Oman Investment Authority. This important endeavor will pave the way for mobilizing financing and attracting further investment. Likewise, we see significant potential for cooperation with the newly established International Finance Center of Oman,» Tokayev said.
The Head of State also highlighted the successful track record of joint projects in key sectors of the economy. Cooperation in energy, logistics and mining is already producing positive results. Combining the two countries’ capabilities in these areas will allow for the creation of new joint ventures. The President also noted significant potential for cooperation in the transport and logistics sector.
«We regard Oman as an important transit and logistics partner for Kazakhstan, given its strategic location, advanced port infrastructure and access to Middle Eastern and African markets. Kazakhstan, in turn, offers substantial natural resources, a growing industrial base and a strategic position along emerging transport routes linking Asia and Europe and real connectivity plans,» Tokayev added.
In addition, the President called for strengthening cooperation in agriculture and food security. In conclusion, he stressed that the key task now is to give concrete substance to the agreements reached at the political level and make economic ties one of the key pillars of the Kazakhstan-Oman partnership.
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