UAE is Kazakhstan's main trade and economic partner in region

At the end of 2021, the mutual trade turnover between the countries amounted to $ 709 million with an increase of almost 50%
Фото: Kazakh PM press service 20.09.2022 236

During the official visit to the United Arab Emirates, Prime Minister Alikhan Smailov held a meeting with Deputy Prime Minister - Minister of the UAE Presidential Administration Sheikh Mansour bin Zayed Al Nahyan, reports with reference to the telegram channel of the Government of the Republic of Kazakhstan.

Alikhan Smailov noted that a constructive political dialogue has been established between Kazakhstan and the UAE and an exemplary level of bilateral cooperation has been achieved, which is facilitated by regular contacts at the highest level.

 "The United Arab Emirates is the main trade and economic partner of Kazakhstan in the region. The Emirates maintain a leading position among the Arab countries in terms of trade with our country," the Prime Minister emphasized.

So, at the end of 2021, mutual trade amounted to $ 709 million with an increase of almost 50% compared to the previous year.

 "This is an impressive result, but at the same time we can make joint efforts to further expand the range of mutual trade," Alikhan Smailov said.

He also noted that in recent years there has been a consistent increase in the inflow of investments from the UAE to Kazakhstan.

 At the end of last year, this figure increased by 43% and reached $ 250 million. The dynamic trend continues this year.

"We see significant potential for building up and deepening investment cooperation in such sectors as mining and metallurgical complex, agriculture, petrochemicals, energy, geology. These areas correspond to our strategic priorities," Alikhan Smailov emphasized.

In this regard, a list of promising investment projects totaling more than $ 6.5 billion was submitted to Sheikh Mansour bin Zayed Al Nahyan for consideration.

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