Connect with us

Business News

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



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.




S400-VS-F35 S400-VS-F35
Americas9 hours ago

Is The UAE Threatening To Opt For Russian Su-57 Jets Over US’ Stealth F-35 Warplanes??

The United Arab Emirates (UAE) has warned that if the US refuses to supply it with F-35 and MQ-9 Reaper...

india-russia india-russia
Featured10 hours ago

Indian, Russian Navy Hold PASSEX Exercise In The Eastern Indian Ocean Region

On the occasion of Navy Day, the Indian Navy is conducting a passage exercise (PASSEX) with the Russian Navy in...

Pakistan-Turkey-Relations Pakistan-Turkey-Relations
Featured12 hours ago

After Backing Pakistan on Kashmir, Is Turkey’s Erdogan Hiring Syrian Mercenaries To Fight In The Valley?

For some time now, Turkey has been making attempts to grow its influence among the Muslims in South Asia in...

iran-israel iran-israel
Featured13 hours ago

Assassination Of Top Iranian Scientist Will Complicate Relations Between The US & Iran: Joe Biden

Joe Biden, the next President of the United States said the assassination of Iranian nuclear scientist Mohsen Fakhrizadeh is likely...

Asia Pacific15 hours ago

From Rafales, Su-30 MKIs & Tejas, Why Next-Gen BrahMos Missile Can Be A Game-Changer For The Indian Air Force?

Amid the border row with China, the Indian armed forces successfully test-fired the BrahMos supersonic cruise missiles in the past...

India-Pak-War-1971 India-Pak-War-1971
Asia Pacific17 hours ago

What Did Indira Gandhi Tell Naval Chief Before Indian Navy Bombed Karachi Port In 1971 War?

India marks 4 December as Navy Day to commemorate the Indian Navy’s attack on the Karachi port during the 1971...

Asia Pacific18 hours ago

Indian Navy To Counter Chinese Swarm Drones With New Guns That Can ‘Smash’ UAVs

Countries across the globe are looking for innovative ideas to check the menace of small drones or small unmanned aerial...

Featured19 hours ago

Eurofighter Typhoons ‘Soar & Roar’ In Qatar As Royal Air Force Conducts Drills With Emiri Air Force

The British Royal Air Force and Qatar Emiri Air Force, for the first time in history, have come together for...

imran-khan imran-khan
Asia Pacific19 hours ago

Not India, Former ISI Chief Hints At UAE, Saudi Arabia Being The Biggest Threat To Pakistan

Durrani said that Pakistan is not threatened by India but is mired with its internal problems, including political instability and...

EurAsian Region21 hours ago

Russia, Pakistan To Be First Buyers Of Turkey’s Mobile Anti-Drone System That Can Smell UAVs From 5000 Meters

As Turkey is gradually emerging as a drone superpower, its key allies Russia and Pakistan have shown tremendous interest in...