Kazakhstan Ambassador stresses strong ties with UAE

Madiyar Menilbekov, Ambassador of the Republic of Kazakhstan to the United Arab Emirates, stressed the depth of the historical relations between the two countries, praising the levels of cooperation and strategic ties that unite the UAE and Kazakhstan. He also stressed the convergence of economic and development visions in the two friendly countries.

Kazakhstan Ambassador stresses strong ties with UAE

During the "Kazakhstan and UAE Investment Forum" forum organized by "Eurasia" in Dubai, the Kazakh ambassador praised the supportive and stimulating role played by the UAE in its relations with Kazakhstan, in all fields, and described the level of relations between the two countries as excellent, rapidly developing, balanced and beneficial to both sides. He praised the efforts of Emirati businessmen in supporting and strengthening economic relations and pushing them to more great successes.

The Kazakh ambassador revealed the signing of 17 agreements for the implementation of investment projects in Kazakhstan totaling about $2.2 billion between the two countries, in the fields of agriculture, industry, mining, tourism, finance and energy, pointing out that direct flights from Abu Dhabi to Nur-Sultan and Almaty with Low-cost airline Wizz Air, mid-May.

He added, "The total flow of investments from the UAE to Kazakhstan from 2005 to 2020 amounted to US$2.4 billion, while the total return on direct investment amounted to US$1 billion, while the volume of trade exchange between Kazakhstan and the UAE in 2020 amounted to US$474.4 million.

Despite the negative impact of the epidemic on this indicator, there is an increase in demand for a number of domestic goods, for example, local mutton exports to the UAE increased 2.5 times and amounted to 567 tons.

For his part, Essa Al Ghurair, Chairman of the Issa Al Ghurair Investment L.LC., and Najeeb Al-Khoury, Chairman of the Board of Directors of Mirak Group, who participated in the forum's activities, praised the positive results and success of their investment activity in Kazakhstan, describing the investment environment there as pioneering and beneficial opportunities in the medium and long term.

At the same time, they praised the great development that Kazakhstan is witnessing and the efforts of the Kazakh government to achieve a comprehensive renaissance within the framework of a distinguished development model that places among its priorities the promotion of investment in building human capabilities and consolidating a strong base for launching into the future and achieving excellence and leadership and called for more areas of cooperation between businessmen in the country. The Emirates and their counterparts in Kazakhstan, ensure the exchange of experiences and the organization of joint events.