BAKU, Azerbaijan, June 15. Commerce turnover
between Kazakhstan and Saudi Arabia elevated by 2.9 occasions in
January-April of 2026, exceeding $6.1 million, the Authorities of
Kazakhstan says.
The announcement was made throughout a gathering between Kazakhstan’s
Prime Minister Olzhas Bektenov and Saudi Arabia’s Minister of
Trade and Mineral Assets Bandar Al-Khorayef, who arrived in
Astana to take part within the Astana Mining & Metallurgy 2026
congress.
It was famous that in 2025, mutual commerce between the 2
international locations elevated by 17%, reaching $11.7 million. Saudi Arabia
stays one among Kazakhstan’s key commerce and financial companions within the
Center East. Over the previous 20 years, Saudi Arabia’s complete international
direct funding in Kazakhstan amounted to $115.3 million.
The perimeters emphasised that the agreements signed in February this
yr – the institution of the Kazakhstan–Saudi Coordination
Council and the Settlement on mutual promotion and safety of
investments – create extra alternatives for brand new joint
initiatives.
The assembly centered on additional improvement of cooperation within the
mining and metallurgical sector, in addition to prospects for joint
initiatives in vital minerals. Discussions coated cooperation in
exploration, extraction, and processing of pure sources, alongside
with the event of high-value-added manufacturing.
The contributors reaffirmed their dedication to strengthening
bilateral cooperation within the mining and significant minerals
industries.
Kazakhstan and Saudi Arabia have been steadily creating their
partnership throughout political, financial, and multilateral
dimensions. In keeping with the Embassy of Kazakhstan in Saudi Arabia,
the 2 international locations preserve energetic cooperation inside worldwide
organizations, together with the UN and the Group of Islamic
Cooperation (OIC), and proceed to align positions on key world
and regional points. Saudi Arabia has supported a number of
Kazakhstan-led initiatives, together with the nation’s candidacy for
non-permanent membership of the UN Safety Council for 2017–2018,
accession to the WTO, and the EXPO-2017 worldwide
exhibition.
