Search DubaiPRNetwork.com

Home >> Banking & Investments

"Kazakhstan can become the main trade and economic partner of the UAE in Central Asia."

Tuesday, September 4, 2018/ Editor -  

Share

Home >> Banking & Investments

Dubai, UAE, September 04, 2018:  About the main perspectives and potential of investment and economic cooperation between the countries, Ilya Urazakov, Head of the Representative Office of the State Investmentand Promotion Agency of the Republic of Kazakhstan, 'Kazakh Invest', told at the meeting with representatives of the UAE Media.

- 'Historically, our countries have very warm and strategic relations. But turnover and investment cooperation could be much higher. According to experts from both countries, the potential for economic cooperation can at least triple' - the speaker said.

According to data for 2017, commodity turnover between the countries approached the level of 680 million US dollars, and the volume of investments in Kazakhstani projects for all this time amounted to about 4 billion USD, while the total amount of foreign investment in the country over the past 10 years reached 270 billion USD, which is 63% of all investments in Central Asia.

The Republic of Kazakhstan today actively invites the business of the Middle East to cooperate in various fields of the economy.

As part of the presentation of Kazakhstan's Investment Strategy for 2018-2022, Urazakovnoted that the most promising sectors for cooperation with the Arab Emirates business are agriculture, mining, petrochemicals and tourism projects.

220 million hectares of agricultural land in the middle of Eurasia, exemption from taxes and full governmental support, this is what the Republic offers for partners from the UAE today, as part of the investment cooperation program.

- 'Today there is no doubt that cooperation between Kazakhstan and the UAE will be extremely successful!» -noticed Ilya Urazakov. «Our countries are interested in each other. The UAE has the latest technology, excellent management and international expertise. Kazakhstan is ready to offer in addition to the richest resource base, conditions for quality processing, full state support and, of course, access to new markets.'

This country of Central Asia opens access to a new, actively developing market of 500 million people, and these are the countries of Central Asia, the territory of Western China, Russia and the Caspian states.

 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

His Excellency Sheikh Nahyan Bin Mubarak Al Nahyan, Uae Minister of Tolerance, O ...

Share the joy of togetherness this Ramadan at The Pointe at Palm Jumeirah

HMRC and Dubai Customs seize 450 metric tons of illicit tobacco

Beauty in Its Purest Form: GROHE Launches New Ceramic and Bathtub Line Essence

Dubai Festival City Mall Rewards Shoppers With Instant Cash Back During 3-day Su ...

Healthy Farm launched its unique Healthy Living Program at GEMS' The Kindergarte ...

du LaLiga HPC Players at Levante UD for Professional Trials

Tracking Bags Drives 66% Improvement in Baggage Delivery

Now rollover unused data and minutes with the all-new ‘WaselGo' prepaid line

Dubai Cares kicks off a 3-year school health program in Liberia to tackle deworm ...

American Eagle Debuts It's Summer'19 Campaign, With a Capsule Collection for Ram ...

Experience the ‘How To Train Your Dragon' Egg Hunt at MOTIONGATE™ Dubai this Eas ...

Show Jumping Season to Come to an End after 17 Weeks with Emirates Longines Fina ...

Discover your perfect scent for the Holy Month at Rasasi Perfumes

All-new 2019 GMC Sierra arrives in the Middle East

Sheikh Zayed Book Award winners to receive accolades at special Louvre Abu Dhabi ...

800 Degrees Pizzeria launches exquisite Iftar menu this Ramadan

Abu Dhabi Primed to Show Diversity of Islam at 2nd Organisation of Islamic Coope ...

Rwanda opens doors to UAE investors

Olivier De Mendez Appointed Godiva's New President, UK & MENAT