Media ININ Economy We Trust
30-04-2019 Media in\ Abu Dhabi
Deputy Director General of the Abu Dhabi Chamber of Commerce and Industry (ADCCI) said that the UAE and the Republic of Kazakhstan are closely linked to the economic aspect, which is witnessing a remarkable development in many fields of trade cooperation, especially in the sectors of energy, agriculture, food security, industry, tourism and foreign direct investment.
He said that the UAE is a major investor in Kazakhstan from among the Middle East countries, while the Republic of Kazakhstan is of particular interest to the UAE business sector, as it attracts more than 200 UAE companies operating in Kazakhstan.
The meeting was organized by Abu Dhabi Chamber of Commerce and Industry and was attended by senior officials from Kazakh economic institutions representing 20 companies and their counterparts from Abu Dhabi’s business and business leaders to enhance cooperation between the business community and the opportunities for fruitful partnerships. Both commercial and investment.
The meeting was attended by Madyar Minilikov, Ambassador of the Republic of Kazakhstan to the State, Mr. Hilal Mohammed Al Hamli, Deputy Director General of Abu Dhabi Chamber and a number of representatives of the private sector.
He pointed out that this trade meeting aims to create incentives between employers and investors through the convergence of ideas and exchange of information and acquaintance with each other to discuss future partnerships and offer their products in the two markets of the two countries, enabling them to find the basis for the development of joint trade cooperation.
The strategy of the two friendly countries will contribute to the strengthening of the volume of trade relations between them, reflecting the size of their economic potential, especially as the Emirate of Abu Dhabi is one of the most important economic destinations attracting funds and investments, because the two conduct business in a competitive environment of security, stability and multiculturalism, and smooth legislation that serves businessmen and investors.
He pointed out the importance of the visit of the Kazakh delegation to introduce the business community in the Emirate of Abu Dhabi to the investment opportunities available in Kazakhstan, the most important systems and new legislation frameworks and facilities for investors, thus contributing to the expansion of investment in various sectors that meet the ambitions and achieve the desired benefit.
Services and exchange of investment experiences, coordination with the Kazakh Business Council and benefiting from the agreements concluded, thus contributing to the development of partnerships and mutual investments and the establishment of projects that offer promising opportunities between the business sectors in the For the areas needed by the two markets.
Madyar Minilbekov stressed the strong relations between the UAE and the Republic of Kazakhstan on all political, economic and cultural levels. This is evident in the large increase in trade volume between the two countries for the year 2018 which reached 481 million US dollars. The UAE in Kazakhstan is worth US $ 2.1 billion, which promises a more welcome and distinguished future.
Madyar said the Abu Dhabi Plaza project, the largest Emirati project in Kazakhstan, will soon be launched as a symbol of the strong economic relations between the two friendly countries. He said that a high-level UAE trade delegation will visit Kazakhstan soon to review and agree on several projects and investments. .
He expressed his thanks and appreciation to the Abu Dhabi Chamber for organizing the meeting and providing the opportunity for the commercial meeting between companies and businessmen. He appreciated the strength of the good relations with the Abu Dhabi Chamber and praised its pioneering role in supporting the business environment and private sector institutions and adopting various initiatives and activities that contribute to the promotion of economic development. Emirate of Abu Dhabi.
