Kazakhstan’s Trade and Economic Mission to UAE

ASTANA (TCA) — In the city of Dubai, a representative office of Kazakh Invest National Company in the United Arab Emirates, together with the Foreign Trade Chamber of Kazakhstan, organized Kazakhstan’s Trade and Economic Mission to the UAE, the official website of the Prime Minister of Kazakhstan reported on August 17.

Representatives of 34 UAE companies and 16 Kazakh companies took part in the event, holding negotiations with potential partners and discussing the conditions for long-term cooperation.

Representatives of the UAE business got acquainted with the goods made in Kazakhstan in such branches as agriculture, metallurgy, oil and gas, light and food industries.

“Leading companies in the most diverse sectors of the UAE economy today show a great interest in Kazakhstan in terms of business partnership. Kazakhstan is perceived here as a stable and actively developing region with huge prospects. The UAE business is considering the format of investment and creation of production in the territory of Kazakhstan, as they are interested in the full cycle with high added value,” head of the Kazakh Invest Representative Office in the UAE, Ilya Urazakov, said during the event.

At a meeting with representatives of the business community of the two countries, Urazakov spoke about tax preferences for priority investment projects, the functioning of a “single window” for foreign investors in Kazakhstan.

In 2017, trade turnover between Kazakhstan and the UAE reached $640 million.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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