Investment projects for $ 6.1 billion agreed between Kazakhstan and the UAE

ABU DHABI. KAZINFORM As part of his working trip to Abu Dhabi, Prime Minister Askar Mamin held talks with Deputy Prime Minister, Minister for Presidential Affairs of the United Arab Emirates (UAE) Sheikh Mansour bin Zayed Al Nahyan. This was reported by MIA “Kazinform” with reference to the press service of the Prime Minister of the Republic of Kazakhstan.

The parties discussed prospects for bilateral cooperation in trade, economic, financial and investment, transport and logistics, agro-industrial, petrochemical, space, mining and metallurgical, energy and other areas.

As a result of negotiations between the governments of the Republic of Kazakhstan and the UAE, a document on investment cooperation was signed, which implies the implementation of 21 projects worth $ 6.1 billion. Investment projects provide for the creation of new industries with high added value and profitability, as well as a large demand potential, both domestically and promising foreign markets.

Their implementation will create new high-quality jobs in Kazakhstan, introduce advanced technologies and practices. Kazakhstan and the UAE pay special attention to realizing the potential of cooperation in the agro-industrial complex – 10 out of 21 planned projects provide for the launch of food production with high added value. This will allow Kazakhstan to become an important link in the food security strategy implemented by the UAE until 2051 and will contribute to further increasing trade between the two countries. The ministers of national economy R. Dalenov, of justice – M. Beketayev, akim of Nur-Sultan A. Kulginov, Deputy Chairman of the Agency for Strategic Planning and Reforms Zh. Madiev, Chairman of the Board of JSC NMH Baiterek A. Arifkhanov and others.

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