Kazakhstan, Qatar agreed on creation of joint investment fund

Astana. March 5. Kazakhstan Today - Kazakhstan and Qatar agreed on creation of the joint investment fund. The arrangement was reached today during the Kazakhstan-Qatar meeting in Astana, the agency reports.

According to the president's press service, during the meeting the leaders of Kazakhstan and Qatar Nursultan Nazarbayev and sheikh Hamad ben Caliph Al Tani discussed the issues of attraction of Qatar investments into realization of large-scale projects in oil-and-gas, petrochemical, tourist and other spheres.

Following the results of the negotiations, the intergovernmental agreement on encouragement and mutual protection of investments was signed. The memorandum between joint-stock company Fund of steady development Kazyna and Qatar investment fund on creation of the joint investment fund was signed. The governments of two countries signed the cooperation agreement in the field of standardization, metrology and certification.

According to the Statistics Agency of Kazakhstan, commodity turnover between two countries for 2006 made $879.5 thousand, including export - $273.4 thousand, import - $606.2 thousand. Volume of mutual trade in 2007 reached $927.6 thousand.

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