Kazakhstan showcases growth, investment prospects

20/12/2025

KUWAIT CITY, Dec 20: The Embassy of the Republic of Kazakhstan in Kuwait held a press conference titled “Kazakhstan: A Land of Opportunities,” attended by a representative from the Ministry of Foreign Affairs. The event highlighted Kazakhstan’s current development priorities, economic and investment potential, and tourism opportunities, aiming to enhance communication with Kuwaiti media. Ambassador of the Republic of Kazakhstan to Kuwait, Yerzhan Yelekeyev, provided a comprehensive overview of the country’s economic and investment prospects, as well as its tourism assets, emphasizing that Kazakhstan is a modern, stable, and ambitious nation at the heart of Eurasia, open to partnership, investment, and tourism. He explained that diplomatic relations between the two countries began in 1993 with the establishment of their first diplomatic missions. Despite the geographical distance, both countries have consistently supported each other on various political and economic matters.

The ambassador stressed that food security is a strategic priority for Kuwait and the GCC, and Kazakhstan is a key partner in this sector. He proposed establishing a trade hub in Kuwait to consolidate Kazakh products and facilitate their re-export to regional markets. Ambassador Yelekeyev also discussed sovereign investment opportunities, stressing that Kazakhstan offers a medium-risk, high-return investment environment compared to traditional markets. He emphasized that investments in sectors such as agriculture and food security serve dual purposes, which are food security and profitability. Referring to his recent meeting with His Highness the Amir of Kuwait, Sheikh Meshal Al-Ahmad, Ambassador Yelekeyev explained that meeting, which lasted for 15 to 20 minutes, was cordial.

The discussion focused on investment opportunities and the role of the Kuwait Investment Authority. His Highness the Amir had underscored the importance of food security and encouraged the pursuit of viable investment initiatives. His Highness the Amir had also expressed confidence in the ambassador’s economic expertise, and said, “Consider Kuwait your second home”, which the ambassador described as deeply moving. On the tourism sector, Ambassador Yelekeyev highlighted the growing interest from the Gulf region in Kazakhstan, noting that in 2024, around 47,000 tourists from GCC countries visited the country, including 4,000 from Kuwait. He emphasized that the number of Kuwaiti tourists increased fivefold between 2022 and 2024.

By Fares Ghaleb Al-Seyassah/Arab Times Staff