(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, November 12. Kuwait holds
the potential to become one of the major investors in Kazakhstan's
economy, said President Tokayev during his meeting with the Crown
Prince of Kuwait, Trend reports.
On the margins of the World Climate Summit COP29, the President
of Kazakhstan Kassym-Jomart Tokayev held a meeting with the Crown
Prince of Kuwait sheikh Sabah Khaled Al-Hamad Al-Sabah.
The head of state noted that Kuwait is an important partner of
Kazakhstan in the Arab world.
The President emphasized the sustainable development of
bilateral political dialogue and economic interaction, reaffirming
Kazakhstan's commitment to strengthening comprehensive cooperation
with Kuwait. He also expressed confidence that Kuwait has the
potential to become one of the major investors in Kazakhstan's
economy, citing the successful activities of Kuwaiti companies as
an example.
The interlocutors agreed to intensify trade and economic ties
with a focus on the implementation of joint investment
projects.
Special attention was paid to cooperation within multilateral
structures, including the Central Asia-Gulf Cooperation Council
format.
At the end of the meeting, President Kasym-Jomart Tokayev
extended an invitation to the Emir of Kuwait, Sheikh Mishaal
Al-Ahmad Al-Jaber Al-Sabah, to visit Kazakhstan.
To note, the 29th session of the Conference of the Parties to
the UN Framework Convention on Climate Change (COP29), which will
run until November 22, opened on November 11 at the Baku Olympic
Stadium.
The event is the largest organized by Azerbaijan to date and is
the first time the region has hosted the event in Azerbaijan.
Within COP29, the highest-level event - the summit of world leaders
on climate action - will be held on November 12–13.
The main expectation from COP29 is to agree on a fair and
ambitious New Collective Quantitative Goal (NCQG) on climate
finance. The COP29 chairmanship has launched 14 initiatives that
include linkages between climate action and the Sustainable
Development Goals, including green energy corridors, green energy
storage, harmony for climate resilience, clean hydrogen, methane
reduction in organic waste, action on green digital technologies,
and other topics.
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