Construction in Kazakhstan poultry farms, dairy farms, fruit processing will be financed by Arab investors

Construction in Kazakhstan poultry farms, dairy farms, fruit processing will be financed by Arab investors

Prime Minister of Kazakhstan A. Mamin during his work trip to the UAE held a series of talks and meetings. As a result of these business negotiations investment agreements worth $2.2 billion were signed, World of NAN reported citing the press service of the Prime Minister.

In Abu Dhabi, the cabinet chief held talks with UAE Vice President and Prime Minister, Emir of Dubai Mohammed bin Rashid Al Maktoum and Deputy Prime Minister and UAE Minister of Presidential Affairs Sheikh Mansour bin Zayed Al Nahyan.

"The parties discussed the implementation of previously reached agreements and the prospects for bilateral cooperation in trade and economic, financial and investment, transport and logistics, agro-industry, tourism, space, mining and metallurgical, energy and other areas," the report states.

Head of the Government also met with business leaders of the UAE - the leadership of the state holding "Mubadala", "Aldar Properties", "ADQ", "Al Dahra Holding", "International Holdings Company" ("Royal Group").

According to the press-service, 17 intergovernmental and commercial agreements between Kazakhstan and the UAE on implementation of joint projects on construction of poultry farms and dairy farms, production and processing of fruits and mushrooms, cooperation in the field of mining and geological exploration were signed as a result of negotiations. An agreement was reached on creation of an industrial park in the industrial zone of Ekibastuz, a tourist complex Katon-Karagai in the East Kazakhstan region, as well as on opening of production of components for electric cars in Kazakhstan.

The UAE will take part in implementation of water supply and sewage projects in Karaganda Region, which envisage transfer of advanced technologies and subsequent localization of production in Kazakhstan. To finance projects in agro-industrial complex Kazakhstan and the UAE will establish a joint fund with a total capital of $100 million. Cooperation in the sphere of "E-Banking" will be developed on the platform of AIFC. 

"The total amount of investments into Kazakhstan's economy on the mentioned projects will be about $2.2 bln. Investment projects foresee creation of new productions with high added value and profitability, as well as big demand potential both on the internal and perspective external markets", - the press-service notes.

Implementation of projects will allow to create new quality jobs in Kazakhstan, to introduce advanced technologies and practices.

In Dubai the Head of the Government held negotiations with the leadership of the Dubai International Financial Center (DIFC) and "Dubai Investment Corporation", during which he discussed further prospects of development of financial and investment cooperation between Kazakhstan and the UAE, including on the platform of AIFC.

The Chairman of the Agency for Strategic Planning and Reforms - Managing Director of AIFC K. Kelimbetov, Minister of Industry and Infrastructural Development B. Atamkulov, Minister of Agriculture S. Omarov, Minister of Ecology, Geology and Natural Resources - M. Mirzagaliyev, Minister of Justice - M. Beketayev, Akims of East Kazakhstan region - D. Ahmetov, Karaganda region - J. Kasymbek, Chairman of the Board of JSC "National Holding Baiterek" A. Arifkhanov, representatives of business circles of Kazakhstan, and others.

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