Saudi, Kazakhstan sign 13 MoUs for investment

At the Saudi-Kazakh Investment Meeting, which resulted in 13 memorandums of understanding (MoUs) in industries such as power, tourism, sports, agricultural goods, pharmaceuticals, media, and financial services, the Saudi Ministry of Investment (MISA) received a senior team from Kazakhstan today.

The MoUs showed a shared desire to strengthen global power capabilities and a growing understanding among investors worldwide of the wide range of investment prospects in Saudi Arabia. A GTG investment agreement to promote the booming industry between the Kazakh Ministry of Culture & Sports and the Saudi Ministry of Sports.

The agreements for information sharing between the Saudi Arabian Ministry of Media and the Kazakhstani Ministry of Information and Social Development, as well as between the Saudi Press Agency and Kazakhstan’s TV and Radio Complex.

A cooperation agreements governing business ventures such as meat exports between the Ajlan & Bros Holding Group of Saudi Arabia and a number of Kazakh partners; and a memorandum of understanding between the Saudi stock exchange Tadawul and Astana International Exchange Ltd.