Kassym-Jomart Tokayev to Make State Visit to Qatar

Country: Qatar
Kassym-Jomart Tokayev to Make State Visit to Qatar
18 February 2024

Kassym-Jomart Tokayev will embark on a state visit to Qatar, scheduled to commence tomorrow. During his visit, President Tokayev will engage in discussions with Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, and the country's Prime Minister. Additionally, President Tokayev will participate in an investment roundtable and meet with prominent businessmen, as reported by 24KZ correspondent.

Qatar stands as a pivotal economic and political player in the Persian Gulf, boasting substantial reserves of natural gas and significant oil deposits. Over the past half-century, the nation has achieved remarkable progress, currently ranking fourth in GDP per capita, with figures exceeding $100,000. Notably, Qatar's population totals only three million, with a mere 12% being local citizens.

According to Hamad Al-Hajri, CEO of Snoonu, Qatar has undergone three crucial stages: increasing national income and GDP, constructing world-class infrastructure, and entering an era of innovation. He emphasizes the importance of technology for economic development and job creation, stating that Qatar aims to increase its investment in technology to 8% by 2030.

Abu Bakr Nourain, CEO of Qatar National Enterprises, highlights Qatar's diversified economy, with investments spanning tourism, education, healthcare, organic food, construction, real estate, and information technology. He underscores the nation's goal of expanding investments abroad and targeting various markets, with Kazakhstan emerging as a priority destination.

Al-Hajri further emphasizes Qatar's commitment to technological advancement and collaboration with Kazakhstan, particularly in diversifying food sources. He believes that cooperation with Kazakhstan, located just four hours away by flight, will be instrumental in achieving mutual ambitious goals and implementing innovative solutions in both countries.

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The strong bilateral ties between the two nations have positively influenced the development of their relations, evidenced by high-level visits. One notable example is Sheikh Tamim bin Hamad Al Thani's visit to Kazakhstan, which included a roundtable discussion with leaders of the ten largest Gulf companies. During the visit, agreements totaling over $500 million were signed.