The Ministry of Investment of Saudi Arabia (MISA) today hosted a senior delegation from Kazakhstan at the Saudi-Kazakh Investment Meeting, which culminated in 13 Memoranda of Understanding (MoUs) in such fields as power, tourism, sports, agricultural products, pharmaceuticals, media and financial services.
The MoUs demonstrated joint impetus to expand global power capabilities while indicating a growing global recognition of the investment opportunities available across diverse Saudi sectors. They included:
• A GTG investment agreement between Saudi Ministry of Sports and the Kazakh Ministry of Culture & Sports to support the thriving sector;
• Agreements between the Ministry of Media of Saudi Arabia and the Ministry of Information and Social Development of Kazakhstan, as well as between Saudi Press Agency and Kazakhstan’s TV and Radio Complex, for information exchange;
• Cooperation agreements between Saudi Arabia’s Ajlan & Bros Holding Group and several Kazakh partners governing such commercial activities as meat exports; and
• An MoU between Saudi stock exchange Tadawul and Astana International Exchange Ltd.