Opportunities of Investment Cooperation with Saudi Arabia

Opportunities of Investment Cooperation with Saudi Arabia

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26 September 2021

During the meeting with Khalid Bin Abdulaziz Al-Falih, Minister of Investments of the Kingdom of Saudi Arabia in the Samruk-Kazyna office, the parties discussed a broad range of issues related to the development of cooperation. 

Opening the meeting, Samruk-Kazyna CEO  noted the willingness to cooperate with companies and investors from Saudi Arabia. According to CEO Almasaadam Satkaliyev, investment projects in the energy, mining, petrochemicals sector, hydrogen energy, industry, and agriculture are opportunities for cooperation. 

Samruk-Kazyna Group is paying attention to achieving carbon neutrality. That's why the experience of Saudi companies in the field of sustainable hydrocarbon and a joint pilot project in green technologies might be helpful for Samruk-Kazyna. The Fund offered to the business community of the Kingdom of Saudi Arabia to take part in privatization programs, which include the major subsidiary companies. 

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Following the meeting, the parties identified promising areas for cooperation, including green energy, logistics, aviation support, and infrastructure development. 

His Excellency Khalid Bin Abdulaziz Al-Falih, Minister of Investments noted the importance of strengthening partnerships between countries, which has a 30-year history of cooperation. The Kingdom of Saudi Arabia was one of the first countries, who recognized Kazakhstan' Independence in December 1991.