Riyadh, July 7, 2025 – The Ambassador of Kazakhstan to Saudi Arabia, Madiyar Menilbekov, held a series of meetings with representatives of the local business community.

In particular, the Ambassador met with Fawaz Mohammed Al Fawaz, the CEO of Tasnee, one of Saudi Arabia’s leading industrial companies. The parties discussed the development of investment cooperation between Kazakhstan and Saudi Arabia, including prospects for collaboration in the petrochemical and oil and gas sectors.

The Kazakh diplomat informed about the current state of the country's energy sector, investment opportunities, available incentives, and government support measures for foreign investors. In turn, Fawaz Al Fawaz expressed interest in the Kazakh market and shared information about Tasnee’s experience and technical capabilities in the petrochemical field.

In addition, the Ambassador received Khaled Al-Aboodi, CEO of Faidh International Food Co, a company operating in Saudi Arabia’s agriculture and food industry, at the Embassy. During the meeting, the parties discussed the potential for bilateral cooperation in agriculture, food production, and agroprocessing.

Mr. Menilbekov highlighted the capabilities of Kazakhstan’s agro-industrial complex, emphasizing the ecological purity and export potential of Kazakh products. In response, Khaled Al-Aboodi expressed interest in working with Kazakhstan and willingness to explore the implementation of joint projects.

The meetings were held in a spirit of mutual trust and cooperation. Both sides expressed their intention to continue collaboration within the framework of specific projects and initiatives.

Source : https://www.gov.kz/memleket/entities/mfa-riyadh/press/news/details/1031355?lang=kk