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Kazakhstan aiming to be a main trade and economic partner of UAE in Central Asia

MEDIA / Articles / 2018 / Kazakhstan aiming to be a main trade and economic partner of UAE in Central Asia

The UAE having strong international position and becoming a vision-country for many developing states building successful international relations in many fields. One of the recent developments is the growing interest in economic cooperation between Kazakhstan and the UAE. Both states have mutual interest and ready to cooperate in many aspects. Such fruitful condition will benefit business circles to further grow their businesses with cooperation.  

 

At the moment, with boosting business environment in the UAE, businesses may consider the UAE market as a perfect place for quick and stable development. Similarly, Kazakhstan with a strong position in Central Asia aiming at growing economic relations finds the UAE as a reliable partner.  

 

Investment projects are growing and showing impressive results for the economy of Kazakhstan. According to the reports of 2017, commodity turnover between the two countries approached the level of 680 million US dollars and the volume of investments in Kazakhstani projects amounted to about 4 billion dollars, while the total amount of foreign investment in the country for the last 10 years has reached 270 billion dollars (63% of all investments in Central Asia).  

 

As part of the demonstration of the Investment Strategy of Kazakhstan for 2018-2022, representative of Kazakh Invest National Company for Investment Support and Promotion in Dubai, Mr. Ilya Urazakov noted that today Kazakhstan actively invites the Middle East business to cooperate in various fields of the economy and the most promising sectors for cooperation with the business of the United Arab Emirates are such sectors as agriculture, subsoil use, petrochemicals, and tourism.  


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