ASTANA (TCA) — Kazakhstan and Egypt agreed to cooperate in agricultural and pharmaceutical sectors during Egyptian President Abdel Fattah el-Sisi’s visit to Kazakhstan on February 26.
“Kazakhstan is among the world’s leading grain exporters and Egypt is the largest grain importer. In 2006-2010 Kazakhstan exported more than one million tons of grain to Egypt. This direction will be further developed,” Kazakhstan President Nursultan Nazarbayev said at the joint briefing after his talks with the president of Egypt, the Kazakh presidential press service reported.
Nazarbayev emphasized the importance of cooperation in the pharmaceutical industry. “More than 40 medicines and around 30 medical items from Egypt are now registered in Kazakhstan. We suggested the Egyptian side to open a joint venture to produce medicines in Kazakhstan,” he said.
The Kazakh president said that Egyptian business is considering investment in construction of resorts on Kazakhstan’s Caspian Sea coast and a poultry factory in the Almaty region.
Nazarbayev also said that Kazakhstan supports Egypt’s intention to establish a free trade zone with the Eurasian Economic Union. “Kazakhstan and Egypt are also important for the Silk Road Economic Belt project proposed by China. Our countries’ potential creates new opportunities for efficient work in this direction,” he said.
The Kazakh president spoke for expanding cooperation in the sphere of space, as Egypt is the first Arab nation that has launched its own satellite, and the country’s second satellite, EgyptSat, was launched from Kazakhstan’s Baikonur spaceport.