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Kazakhstan and the UAE signed agreements worth $5 billion

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Photo by: Akorda

Kassym-Jomart Tokayev and Sheikh Khaled bin Mohammed bin Zayed Al Nahyan attended the Kazakhstan-UAE Business Forum, DKnews.kz reports.

In his address, the President emphasized that during today's talks with Sheikh Khaled, the parties reaffirmed their commitment to deepening trade, economic, and investment cooperation. This commitment is further strengthened by commercial agreements in key economic sectors worth approximately $5 billion.

Kassym-Jomart Tokayev expressed confidence that representatives from the business and corporate sectors on both sides will make valuable contributions to the full-scale implementation of these agreements

“The United Arab Emirates is Kazakhstan’s leading trade and investment partner in the Gulf region, with total investments surpassing $4.3 billion. As the UAE’s Vision 2031 closely aligns with our national priorities for innovation, industrial growth, and diversification, we are committed to providing a favorable environment for Emirati business partners” Kassym-Jomart Tokayev

The Head of State briefed the Emirati business community on Kazakhstan’s ongoing economic reforms, implemented in line with OECD international standards and principles. In this context, he highlighted the establishment of the Investment Board, which provides tailored and efficient support for foreign investors, including UAE companies.

“We see immense potential to expand cooperation across multiple sectors – energy, logistics, finance, smart technologies, agriculture, and more. Several landmark projects underscore the strength and momentum of our dynamic partnership. Today, we are implementing projects with Masdar, Presight, Abu Dhabi Ports Group, Terminal Holdings, and Abu Dhabi Commercial Bank. These and other projects reflect the depth, effectiveness, and accelerating progress of our bilateral relations” Kassym-Jomart Tokayev

During the forum, thematic sessions were held to discuss advancements in digital technologies as well as modern trends in finance, urban development, and the green economy.

Additionally, B2B meetings were organized between business representatives from both countries.

The UAE delegation at the forum included representatives from the Abu Dhabi Department of Economic Development, the UAE Chambers of Commerce and Industry, and major companies such as Masdar, AMEA Power, Abu Dhabi Ports Group, and others.

DKNews International News Agency is registered with the Ministry of Culture and Information of the Republic of Kazakhstan. Registration certificate No. 10484-AA issued on January 20, 2010.

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