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

Al Habtoor Group denies any link or relationship with Al Habtoor Trading Enterpr ...

Introducing Burberry Bespoke Fragrances

The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resource ...

World Number One Simona Halep Returns to Dubai Duty Free Tennis Championships

Geometry reaches new heights in consumer influence with new Dubai experiential h ...

Royal Enfield 650 Twins launched in the UAE

Statement for “Abu Dhabi Sustainable Finance Declaration”:

The Region's Most Anticipated Shopping Festival Is Back at Burjuman

Luxury jewelry house Dhamani 1969 launches exclusive CHRYSALIS collection

Al Mouj Muscat pays tribute to Oman with Layers of Oman Exhibition

SteelFab 2019 organizes 22 technical seminars on automation and industrial integ ...

Indian wins ‘Dream Home' grand prize from Al Ansari Exchange

Scuderia Ferrari presents PILOTA Family Collection

RAK Petroleum plc: Changes in Share Capital

SAVEX 8 to 12 January 2019 Sheikh Saeed Hall 2, Dubai World Trade Centre

Hadef & Partners signs Memorandum of Understanding with Special Olympics World G ...

LABELIANS (a CML-ID Group company) Ready to Unveil Its Fmbio5 Bioleader® Armchai ...

Making many tones from one

ENEC Showcases Commitment to Sustainability at the World Future Energy Summit

“Growth through quality continues to be the engine of our business” confirms new ...