Kazakhstan, Saudi Fund For Development Discuss Investment Co-Op
Date
7/27/2024 5:19:29 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, July 27. Kazakhstan and the
Saudi Fund for Development (SFD) have discussed prospects for
further development of investment and economic cooperation,
Trend reports.
Discussions were held between the Ambassador of Kazakhstan to
Saudi Arabia Madiyar Menilbekov and the CEO of SFD Sultan
Abdulrahman Al-Marshad.
The parties also considered developing Islamic finance and
implementing joint infrastructure projects in Kazakhstan.
Menilbekov informed the interlocutor about the key directions of
Kazakhstan's comprehensive internal Political and socio-economic
modernization.
The ambassador also invited Minister of National Economy of
Kazakhstan Nurlan Baibazarov, the head of the SFD to participate in
the round table of the Arab Coordination Group, which will be held
in early September 2024 in Astana.
The Saudi Fund for Development is one of the largest financial
institutions in Saudi Arabia, through whose finances a number of
important infrastructure projects were implemented in Kazakhstan,
including the construction of the Astana-Karaganda highway.
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