Kazakh-Emirati investment cooperation was discussed in Abu Dhabi

March 14, 2024 the Ambassador of Kazakhstan to the UAE
Madiyar Menilbekov met with the Minister of Energy and Infrastructure of the United Arab Emirates Suhail Al Mazrouei.

During the meeting, the parties discussed the implementation of the joint intergovernmental declaration on the creation of strategic investment projects, signed in January 2023 during the official visit of President of Kazakhstan
K. Tokayev to the UAE, as well as issues of trade, economic and investment cooperation between the two countries.

The dynamics of the growth of attracted direct investments from the UAEto Kazakhstan was noted at the meeting. In particular, in the first 9 months of 2023, direct investments in the amount of $494 million were attracted from the UAE to Kazakhstan.

The Minister of Energy and infrastructure of the UAE noted the importance of investment projects implemented jointly with Kazakhstan and confirmed his interest in further developing cooperation, paying special attention to projects in the field of renewable energy sources, information technology and artificial intelligence.

During the meeting, the Kazakh diplomat presented to Suhail Al Mazrouei an invitation from Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan M.Nurtleu to the Astana International Forum, which will be held on June 13-14 this year.

The parties reached an agreement to continue working together in order to further develop bilateral cooperation.