Connect with us

Business News

UAE Investments in Kazakhstan: Will UAE Invest $ 20 Billion in Kazakhstan?

Published

on

Astana is keen to attract UAE Investments in Kazakhstan. Kazakhstan prepared proposals on investments for businessmen from the United Arab Emirates for a total of $ 20 billion. This was announced during the meeting in Astana – the Capital of Kazakhstan by the Kazakh Invest Chairman Saparbek Tuyakbayev and the Ambassador of the United Arab Emirates Mohammed Ahmad Aljaber.

Tuyakbayev stated that the delegation of the Kazakhstan business community will participate in the investment forum to be held in Dubai in April. During the forum presentation in Dubai, investment opportunities in Kazakhstan will take place, where Kazakh delegation will meet a number of organizations from the UAE interested in investing in Kazakhstan. UAE businessmen have been presented various investment proposals for their consideration worth $ 20 billion.

Other Stories on EurAsian Times: Now Why is Kazakhstan Angry and Accusing Russia?

At the meeting, both the sides also drafted steps to strengthen investment opportunities between the countries, discussed opportunities for executing joint projects in the field of logistics, tourism and agribusiness.
We are ready to invest in agro-industrial projects, in particular, in organic production, as well as in logistics projects in Kazakhstan”,- said Mohammed Ahmad Aljaber.
UAE’s Al Khaleej Sugar company is very keen for the development of a large sugar plant in the Shardara district of South Kazakhstan. According to prefatory calculations, $375 million is planned to be invested in the construction of the plant.

At the end of the meeting, Tuyakbayev and Aljaber expressed their willingness to examine the feasibility of an agreement on investments at the intergovernmental level. In addition, it was decided to develop a joint road investment card.

Related Stories at EurAsian Times: Ukraine and UAE Agree to Sign Visa Free Agreement

Presently, there are about 200+ joint ventures with the UAE in Kazakhstan. The key domains in which the companies operate are the agro-industrial complex, oil refining and expansion of the infrastructure of the oil and gas sector, chemical industry and construction.

For Kazakhstan, the UAE is on the list of priority nations for drawing investments: the UAE is ranked 13th in terms of assets (FDI) in Kazakhstan, 23rd in terms of the number of enterprises with capital in the Republic and 25th in terms of commodity turnover.

Advertisement
Advertisement

Facebook

FEATURED

BrahMos-SU-30MKI BrahMos-SU-30MKI
Featured58 mins ago

Su-30 Fighter Jet Crashes During A Training Mission; Pilot Ejects Safely

A Russian Su-30 fighter jet has crashed in Russia’s Tver Region during a planned training flight with pilots managing to...

DRDO-INDIA DRDO-INDIA
Featured2 hours ago

Indian DRDO Aggressively Working On Indigenous Projects; Gets Lauded For ABHYAS Project

India’s state-run Defence Research and Development Organisation (DRDO) has successfully conducted the test of ABHYAS – High-speed Expendable Aerial Target...

F-35-INDIA F-35-INDIA
Featured3 hours ago

US, UAE Could Sign Deal To Acquire ‘Non-Stealthy’ F-35 Fighter Jets By End Of 2020: Reports

Amid the murmurs that Israel is blocking the possible sale of American F-35 stealth fighter jets to the UAE, new...

Tayyip-Erdogan Tayyip-Erdogan
Featured5 hours ago

Turkish President Erdogan Blasts India, Israel At United Nations Over Kashmir, Palestine Issue

After lamenting both India and Israel over Kashmir and Palestine, New Delhi has criticized Turkish President Recep Tayyip Erdogan for...

US-UK US-UK
Americas16 hours ago

Why UK’s ‘Tempest Fighter Jet Program’ Could Endanger Its Historical Ties With The United States?

The Tempest program was launched in 2018 with the aim of developing the 'optionally-manned' stealth fighter jets which are expected...

US-CHINA-INDIA-JAPAN US-CHINA-INDIA-JAPAN
Americas21 hours ago

US Deploys Its First ‘Space Force Squadron’ Outside Country In The Middle-East

US’ newest Space Force, a dedicated military wing to carry out futuristic warfare is now getting serious about its organizational...

j20-vs-tejas j20-vs-tejas
Featured23 hours ago

Six Chinese (PLAAF) Fighters Dangerously Surround Taiwanese Jets To Shoot It Down?

Amidst heightening tensions in the South China Sea that have seen Chinese warplanes repeatedly breach Taiwan’s airspace, recent reports claimed...

Pakistan-Jet Pakistan-Jet
Europe24 hours ago

MiG-21s Again Come Face-To-Face Against F-16s At Thracian Viper 2020 Drills

One of the biggest international air force exercise, Thracian Viper 2020, is taking place in Bulgaria with a host of...

CORONAVIRUS CORONAVIRUS
Featured24 hours ago

Japanese Firm Invents UV Lamp That Can Kill Coronavirus

A Japanese firm has invented an ultraviolet lamp that can disinfect enclosed spaces and kill the coronavirus without harming human...

Rafale-Typhoon Rafale-Typhoon
Featured1 day ago

‘Neutral’ & ‘Unsure’: Switzerland To Vote On Upgrading Its Air Force As Rafales, Typhoons & F-35s Vie For Business

The people of Switzerland are set to vote on a proposal on September 27, for replacing its ageing fleet of...

Advertisement