Qatari bank to open branch in Kazakhstan

Minister of Trade and Integration Serik Zhumangarin announced plans in the field of trade and economic cooperation with Qatar, El.kz reports with reference to Kazinform.

«Qatar invested about USD 50 mln into the economy of Kazakhstan,» Deputy PM - Minister of Trade and Integration Serik Zhumangarin said.

Over the past years, Qatar invested some USD 50 mln in Kazakhstan. He said that a medical facility was built in Almaty.

He noted the commodity turnover between the states is far from perfect. For the past 8 months, the sales between reached USD 3 mln.

The Minister also said that the well-known Qatari bank plans to open its affiliate in Kazakhstan. Various Qatari financial institutions are registered at the AIFC.

As earlier reported, yesterday Kazakh President Kassym-Jomart Tokayev welcomed Emir of Qatar Sheikh Tamim bin Hamad Al Thani, who arrived in Kazakhstan for a state visit, at the airport in Astana. On October 13 Sheikh Tamim bin Hamad Al Thani will take part in the VI CICA Summit.

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