ASTANA – Qatar will invest $20 billion to implement nine projects in Kazakhstan, according to the agreement on long-term strategic partnership, approved by the Senate, the upper house of the Kazakh Parliament, on Oct. 10.
Photo credit: Yuriy Boyko/Shutterstock.
The document provides for the implementation of investment projects in Kazakhstan in telecommunications, energy, transport, petrochemicals, agriculture and finance. The agreement also includes guarantees to protect investors from forced seizure of property, stability of the tax regime, as well as the provision of a number of tax and customs benefits, reported Kazinform.
The Kazakh Ministry of National Economy explained that the agreement implies the creation of a new communications operator, the construction of a gas processing plant at the Kashagan field, the second line of the Beineu-Bozoi-Shymkent gas pipeline, a power plant in the Kyzylorda Region and a hydroelectric power station on the Irtysh River.
On Oct. 9, the Mazhilis, the lower house of the Parliament, approved the agreement between the governments of Kazakhstan and Qatar on military cooperation, including military education, science and medicine.
The agreement also provides for consultations on topics related to peacekeeping operations and combat training. The countries will have the right to use each other’s training grounds.
Deputy Minister of Defense Darkhan Akhmediyev emphasized that Kazakhstan has more than 20 similar agreements with other countries, including Azerbaijan, Belarus, Russia, Türkiye, and other states.
