(MENAFN- The Peninsula) The Peninsula
DOHA: Kazakhstan is the smart choice for Qatari investors looking to capitalise on the growing agribusiness and green energy markets.
As the world's population continues to grow rapidly, countries and businesses around the globe must identify new and innovative methods to produce food and generate energy in more effective and sustainable ways.
For its part, Kazakhstan is an attractive and business-savvy choice for Qatari investors looking to be part of this green revolution. Kazakhstan is the most successful economy to emerge from the dissolution of the Soviet Union just over 25 years ago and its recent privatisation programme is the most ambitious to date, said a statement of the embassy of Kazakhstan.
Sitting at the heart of Eurasia, Kazakhstan has the largest amount of permanent pasture per animal in the world, which allows for year-round feeding. What is more, its expansive geographical landscape means that Kazakhstan is ideally placed to develop and build a range of wind and solar plants throughout the country.
Kazakhstan's sheer geographical size means that much of this potential remains untapped. With low production costs and one of the most favorable conditions for growing crops such as wheat globally, Kazakhstan's agribusiness sector is easily scalable and can help provide a reliable supply of high-quality produce across the globe in a matter of days.
Just this week, Saparbek Tuyakbayev, the CEO of Kazakh Invest, the national company for attracting high-quality investment to Kazakhstan, met with Qatar Chamber first Vice- Chairman Mohamed bin Towar Al Kuwari, board member Mohamed Al Obaildy and other officials in Doha.
During the meeting, Tuyakbayev stressed that the Kazakh government was heavily investing in many sectors including agriculture, energy, petrochemicals, logistics and infrastructure in order to also attract high quality investment from nations such as Qatar. The breadth and scale of the government's investment clearly demonstrates the heavy emphasis Kazakhstan is placing on diversifying the economy and making it a leading 21st century green society.
In turn, Mohamed bin Towar Al Kuwari noted the clear development of Kazakhstani-Qatari relations in all fields, not least thanks to the Memorandum of Understanding signed between the Qatar and Kazakhstan Chambers. He pointed out that the door is open for Kazakh and Qatari companies to establish joint ventures to enhance investment in food, industry and other sectors.
Much like Qatar, Kazakhstan is a leading voice calling for the global community to transition to a green economy. It is on track to generate 50 percent of its energy from renewable and alternative energy sources by 2050. While both nations have been blessed with large natural resource deposits, Kazakhstan, like Qatar, is committed to moving to a more sustainable source of energy as its economy continues to grow.
To help meet these ambitious goals, the Kazakh government is investing heavily in new energy sources such as solar, wind and hydroelectric. For Qatari investors, Kazakhstan's new energy projects offer a wealth of opportunities as Kazakhstan looks to become a leading green energy exporter in the region over the coming years. Logistical advancements along the New Silk Road have also increased Kazakhstan's investment attractiveness. Thanks to a major programme of government investment in Kazakhstan's road and rail network, it now takes just 14 days for goods to travel from China to Western Europe, three times faster than via traditional sea routes.
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