Kazakhstan Prime Minister’s visit to Expo 2020 caps successful investment talks with UAE officials
DUBAI – Kazakhstan Prime Minister Askar Mamin visited his country’s pavilion at Expo 2020 Dubai today as part of an official visit to the UAE, during which the implementation of more than USD 6 million worth of new investments was discussed.
Prime Minister Mamin held talks in Abu Dhabi with His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE and Minister of Presidential Affairs, as well as with officials from the Abu Dhabi Developmental Holding Company and representatives from other leading companies in the UAE.
The parties discussed the implementation of earlier agreements and the prospects for increased opportunities in the areas of trade, finance and investment, energy, transport and logistics, agro-industrial and other spheres, according to an official statement issued by the Kazakhstan Prime Minister’s office through its website primeminister.kz.
Emirati companies are involved in the implementation of 11 large investment projects in Kazakhstan, with a total value of more than USD 3.5 billion.
Following the discussions, an agreement was signed to implement a strategic partnership for the development of more than USD 6 billion worth of projects in priority sectors in Kazakhstan, such as energy, agro-industrial, transport and logistics, pharmaceutical and financial sectors.
Kazakhstan’s main partner in the implementation of the agreement is ADQ, which manages assets worth more than USD 175 billion.
Memorandums of understanding were also signed between Kazakhstan’s Ministry of Agriculture and the UAE Ministry of Climate Change and Environment; as well as between the Astana International Financial Centre and the Abu Dhabi Global Market Financial Centre and the Abu Dhabi Securities Exchange, the statement said.
The Kazakhstan Pavilion at Expo 2020 is located in the Opportunity District. The pavilion showcases the country’s dynamic development, cultural diversity, rich human and natural resources, and its tourist, technological and investment opportunities.