12:02 - 11.10.2024

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October 11, Fineko/abc.az. Qatari investments in the amount of $20 billion will be directed for joint projects in Kazakhstan.

ABC.AZ reports that the Senate of Kazakhstan has ratified an agreement on long-term strategic partnership with Qatar for development of projects in priority sectors.

The agreement envisages investment projects in Kazakhstan in the fields of telecommunications, energy, transport, petrochemistry, agriculture and finance.

It also contains rules on protecting investors from forced gratuitous confiscation of property, ensuring the stability of the tax regime and stipulating a range of tax and customs benefits.

The agreement will allow realizing a number of important projects, including creation of a new telecom operator, as well as construction of a gas processing plant at Kashagan, the second line of the Beineu-Bozoy-Shymkent main gas pipeline, a power plant in Kyzylorda region and a hydroelectric power plant on the Irtysh River.