Al-Kuwait, May 13, 2026 – the Ambassador of the Republic of Kazakhstan to the State of Kuwait Yerzhan Yelekeyev held a meeting with Chairman of the Board of Directors of Kuwait Finance House (KFH) Hamad Al-Marzouq.

During the meeting, the parties discussed prospects for the development of Kazakh-Kuwaiti cooperation in the investment, banking, trade and economic spheres.

Particular attention was paid to food security issues. The Ambassador of Kazakhstan highlighted the significant potential of the Republic of Kazakhstan in the agro-industrial sector, including meat production, emphasizing the country’s readiness to contribute to strengthening food security in the State of Kuwait and the wider region. In this context, the parties discussed opportunities for supplying Kazakh agricultural products to the Kuwaiti market, as well as implementing joint investment projects, including the establishment of agro-industrial and livestock farming facilities in Kazakhstan.

The Ambassador of Kazakhstan also informed the Kuwaiti side about the implementation of the Alatau City project in Kazakhstan – one of the country’s largest urban development initiatives, envisioned as a modern digital city of accelerated development with advanced innovation and investment infrastructure. In this regard, the Kazakh side announced plans to organize a working visit to the State of Kuwait in autumn this year by a business delegation headed by Deputy Prime Minister of the Republic of Kazakhstan Kanat Bozumbayev in order to present the Alatau City project to representatives of Kuwait’s business and investment community.

The Kuwaiti side expressed particular interest in expanding cooperation in the field of food security and stated its intention to explore opportunities for cooperation with Kazakh companies. In addition, representatives of Kuwait Finance House confirmed their interest in developing cooperation with Kazakhstan in the banking sector, including studying the procedures and requirements for obtaining a banking license in Kazakhstan.

Founded in 1977, Kuwait Finance House (KFH) is the first Islamic bank in the State of Kuwait and one of the world’s leading Islamic financial institutions. Following its acquisition of Ahli United Bank Group in a deal valued at approximately USD 11.6 billion, KFH became Kuwait’s largest bank, with assets exceeding USD 140 billion and a market capitalization of around USD 47 billion. The Group operates in more than 12 countries, including Türkiye, where one of KFH’s key assets is Kuveyt Türk Participation Bank – one of the country’s largest Islamic banks. KFH is also one of the leading players in the global Islamic bonds (sukuk) market and actively participates in financing major projects in infrastructure, energy, real estate and Islamic investment banking across the Middle East, Europe and Asia. In 2026, KFH successfully issued a USD 1 billion sukuk on the London Stock Exchange.

Source : https://www.gov.kz/memleket/entities/mfa-kuveyt/press/news/details/1219172?lang=kk