Visit of the President of the Republic of Kazakhstan to the UAE: KAZAKH INVEST has signed a number of investment agreements
On 27 January 2020, bilateral meetings and a roundtable of the President of the Republic of Kazakhstan Kassym-Zhomart Tokayev with the heads of large Arab companies took place during the official visit of the Head of State to the United Arab Emirates, Abu Dhabi. During the bilateral meetings with the companies “Abu Dhabi National Oil Company (ADNOC)”, “Al Nowais Investments”, “Aldar Properties” and “Abu Dhabi Global Market”, the parties discussed issues of investing into the economy of Kazakhstan as well as strengthening further development of mutually beneficial cooperation.
Over 40 large Arab companies participated in the roundtable. During the opening speech, the Head of State noted that since independence, Kazakhstan and the UAE have developed exemplary relations and strengthened a comprehensive strategic partnership based on a constant and trusting dialogue at the highest level. The Head of State also highlighted that EXPO-2020 in Dubai will be the main event of the year. Based on the experience of Astana Expo 2017, Kazakhstan intends to actively participate in the international exhibition.
In addition, discussions at the roundtable covered the most promising areas for implementation of joint projects and expansion of presence of the Arab side in the market of Kazakhstan. Also, the parties exchange views on further steps to develop cooperation in the non-resource sectors of the economy, petrochemicals, renewable energy, agriculture and finance.
“Kazakhstan is very attractive for investment. We have already visited the country twice and become thoroughly familiar with the economy. In turn, I would like to thank KAZAK INVEST for organizing our visits and meetings. Also, the Embassy of Kazakhstan and the Ambassador for the assistance and support”, - said Najieb Abdulla Khoory, the Owner and Chairman of Mirak Group.
During the event, the participants signed a number of commercial documents. These include:
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the Memorandum on the implementation of the project “Construction of a mushroom compost factory, a mushroom growing factory and a canning factory” in Almaty region between KAZAKH INVEST and ALMA Agri
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the Memorandum on the implementation of the project “Construction of a private school in Kazakhstan” between KAZAKH INVEST and International Community School
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the Memorandum for construction of a private school for 1000 students in Nur-Sultan between Samruk-Kazyna Invest and GEMS Education
- the Memorandum for the supply of batteries between Kainar-AKB and ALMUTAKAMELA VEHICLES NESTING AND REGISTRATION L.L.C.
The meeting of the Head of State with the UAE business captains took place in the light of the tasks of attracting foreign investment in priority sectors of Kazakhstan’s economy and promoting exports of Kazakh goods to foreign markets. In general, it should be noted that the UAE business has been demonstrating its willingness and interest in deepening trade, economic and investment interaction with Kazakhstan.
