Kazakhstan-UAE Business Forum was held in Astana
On 22nd of May 22, Kazakhstan-Emirates Business Forum was held in Astana organized by NCE RK "Atameken" and JSC "NUKH" Baiterek "
The moderator from the Kazakh side was the Chairman of the Board of Directors of JSC "Investment Financial House "Resmi" and JSC "RG Brands" Kairat Mazhibayev.
Nurzhan Altaev, Deputy Chairman of the Board of NCE RK "Atameken" participated in this forum, as well as Minister for Investment and Development of Kazakhstan Zhenis Kasymbek, Deputy Foreign Minister of the United Arab Emirates Mohammed Sharaf and other representatives of other parties.
A memorandum of understanding was signed between the Federation of Chambers of Commerce and Industry of the United Arab Emirates and NCE RK "Atameken" on the creation of a joint business council “United Arab Emirates-Kazakhstan” with a view to intensify trade, economic and investment cooperation between entrepreneurs of the two countries. Also, a constituent agreement was signed to create a Kazakhstan-UAE investment group for education.
In 2016, UAE investments in Kazakhstan amounted to 50.7 million dollars.
The most promising direction of cooperation between countries is the production of agriculture. An especially important market is organic products, the demand for which is constantly growing. Against this background, Kazakhstan has great opportunities.
Potential of Kazakhstan's agricultural lands: about 222 million hectares of agricultural land, the area of improved and watered pastures is 112.2 million hectares. In 2015, the UAE imported about 154,000 tons of meat of large horned and small cattle for more than 800 million USD.
The market of the Emirates is very promising for the Kazakhstani commodity producer, which until recently was virtually unknown to them.
Economic cooperation between the UAE and Kazakhstan has a great prospect for development. There is a mutual interest in trade, investment, supply of products, it is necessary only to create conditions for this interest to be realized in business.
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