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Kazakhstan, UAE Sign Deals Worth Over $6 Billion

UAE, Kazakhstan Sign Deals Worth Over $6 Billion

DUBAI – The United Arab Emirates (UAE) and Kazakhstan signed a deal worth $6.1 billion during Kazakh Prime Minister Askar Mamin’s two-day visit to Abu Dhabi last week, under which the two countries will implement more than 20 projects in a wide range of economic sectors.
As part of his visit, Mamin met with Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the United Arab Emirates and Minister for Presidential Affairs, to discuss how to develop deeper trade ties between the two nations.
According to a statement released by the Kazakh government, the document was signed immediately after the parties discussed expanding collaboration in trade, transport, logistics, agribusiness, construction, petrochemicals, space and tourism. Kazakhstan has proposed a series of projects to the UAE, including those providing for the creation of new industries with high added value and high demand potential in local and foreign markets.
Nur-Sultan officials expressed confidence that the implementation of these initiatives would create new jobs in Kazakhstan and introduce advanced technologies and practices to Kazakhstan.
Meanwhile, most of the projects jointly implemented by the two countries focus on agro-industry.
“The Republic of Kazakhstan and the United Arab Emirates pay particular attention to the implementation of the cooperation potential in the agro-industrial sector – 10 of the 21 planned projects envisage the launch of high value-added food production”, indicates the statement posted on the Kazakh prime minister’s website.
“This will allow Kazakhstan to become an important link in the food security strategy implemented by the United Arab Emirates until 2051 and will further increase trade between the two countries.”
(Sahar News Monitoring Desk)

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