Source: Emirates Today

His Excellency Qasim Gomart Tokayev, President of the friendly Republic of Kazakhstan, affirmed that the Emirati-Kazakh relations are a strategy based on strong foundations of respect and service to stability and development and the compatibility of common visions to meet the aspirations of the peoples of the two countries to open wider horizons in all fields.

He stressed the depth of close relations between His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the Armed Forces and First President of Kazakhstan His Excellency Nur Sultan Nazarbayev, thanks to the strong political will and regular contacts at various levels

He said that the UAE has become a model for the development and progress of many countries of the world … And he added that the UAE is the main commercial and economic partner of Kazakhstan in the region as the volume of mutual trade during the first nine months of last year 2019 increased by more than 10% compared to the same period in 2018 to reach To half a billion dollars, while the value of direct investments from the UAE to Kazakhstan amounted to 2.1 billion dollars, while Kazakhstan\’s investments in the UAE amounted to one billion dollars

And he pointed out that the UAE is among the top 5 attractive destinations for tourists from Kazakhstan, who numbered more than one hundred thousand Kazakh citizens.He stressed the existence of huge potentials and opportunities to enhance cooperation between Kazakhstan and the UAE to broader horizons and said that his country is one of the world\’s leaders in mineral resources, explaining that geological surveys covered only 25% of the area of ​​Kazakhstan, which includes 15 sedimentary basins with resources estimated at 130 billion tons of fuel. The equivalent

He stated that his country has risen in the Fraser Institute\’s investment attractiveness ranking – to 24th among 180 countries and said that there are currently negotiations with the Mubadala Investment Company to implement a $ 6.6 billion project to build a petrochemical facility to produce polyethylene in western Kazakhstan in addition to that there is a large space for cooperation with UAE in the field of agriculture

The activities of this meeting, which witnessed a high-level presence, were organized by the Abu Dhabi Chamber of Commerce and Industry in cooperation with the Federation of State Chambers, which was represented by His Excellency Suhail Al Mazrouei, Minister of Energy and Industry, His Excellency Ahmed Al Sayegh, Minister of State and Chairman of the Board of Directors of Abu Dhabi International Market, a number of heads of chambers of commerce in the Emirates and His Excellency Hamid bin Salem The Secretary-General of the Federation of State Chambers and members of the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry and His Excellency Mohammed Hilal Al Muhairi, Director General of the Abu Dhabi Chamber of Commerce and Industry in addition to representatives of government and local authorities from the UAE and Kazakhstan sides and Emirati and Kazakh business owners m N different economic sectors

For his part, His Excellency Ahmed Ali Al Sayegh welcomed, during his speech, His Excellency Qasim Tokayev, President of the Republic of Kazakhstan and the accompanying delegation, \”We are honored to host you here today in this meeting, which comes as part of joint efforts to enhance joint cooperation between the public and private sectors in both the UAE and the friendly Republic of Kazakhstan.” Al-Sayegh” indicated that the trade flow between the two countries increased significantly from US $ 273 million in 2015 to approximately US $ 415 million in 2018, noting that Emirati investors are working to seize the investment opportunities available in Kazakhstan.

And Sayegh added that the UAE and the Republic of Kazakhstan have great investment opportunities that will increase joint economic cooperation between them and in many sectors, especially in the sectors of aviation, energy, basic minerals, medicines, financial services and food security.His Excellency stressed that the UAE has witnessed a rapid growth in transformational initiatives in many sectors, especially the innovation sector, which is one of the most vital pillars in the ambitions and plans of the UAE and Abu Dhabi, especially in building a sustainable and digital economy based on knowledge.

His Excellency pointed out the partnership with Digital Spring Ventures Company, which is the first Kazakh company operating in the Abu Dhabi global market and said: \”We welcome more companies and business areas wishing to participate in the Abu Dhabi Global Market platform in order to enhance their presence in the local market .. We are pleased to express The desire of the International Financial Center in Astana to enhance joint cooperation with the Abu Dhabi Global Market in many areas and to enhance these relations Both the Abu Dhabi International Market and the International Financial Center in Astana signed two agreements in February 2017 and March of 2018

Al-Sayegh expressed his gratitude to His Excellency the President of Kazakhstan for his continuous support for the efforts made by both the Government of the United Arab Emirates and the Government of Kazakhstan in achieving full mutual cooperation in all areas of mutual interest.The business meeting witnessed the interventions of a number of economic figures, business events and Emirati investors who expressed their interest and willingness to direct investment in Kazakhstan and put forward the available investment opportunities for them to establish partnerships and commercial projects in various sectors and activities in the Republic of Kazakhstan, including His Excellency Yusuf Ali, founder of the Lulu Group and His Excellency Kirat Klim Ketov Ruler of the International Financial Center in Astana and others

During the meeting, 3 cooperation agreements were signed between the UAE and Kazakhstan, which included special economic sectors in the educational field, agricultural industries, and logistics.