- Home
- Middle East
- UAE
- UAE is Kazakhstan’s leading strategic, trade, economic partner in Arab region: Kazakh Ambassador
UAE Is Kazakhstan’s Leading Strategic, Trade, Economic Partner In Arab Region: Kazakh Ambassador
Sumaira FH Published December 06, 2020 | 08:15 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 06th Dec, 2020) Menilbekov Madiyar, Ambassador of Kazakhstan to the UAE, highlighted the strong bilateral ties between the UAE and his country, noting that the UAE is Kazakhstan’s leading strategic, trade and economic partner in the Arab region, most notably in the petrochemical, energy, transport, logistical services, agriculture and space sectors.
In an interview with Emirates news Agency on the occasion of his country's 29th Independence Day anniversary, Ambassador Madiyar attributed his country's rapidly growing relations with the UAE to the prudent vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, as well as of President Kassym-Jomart Tokayev and Nursultan Nazarbayev, founder of modern Kazakhstan.
He also praised the strong relations between the two countries, the foundation of which was laid by the late Sheikh Zayed bin Sultan Al Nahyan and Nursultan Nazarbayev.
"Kazakhstan has attracted foreign direct investments, FDI, worth US$330 billion, and it is ranked 25th globally in 2020 in terms of conducting business. The country is part of the international community and has adopted a consistent local policy aimed at ensuring interfaith tolerance among all ethnic groups," he said.
He added that the FDIs received by his country's economy from 1991 to 2020 worth $330 billion confirms the trust of foreign investors, noting that they are keen to invest in Kazakhstan due to its political stability, educated labour force, and rapidly growing market that has around 500 million consumers.
A World Bank report highlighted the fact that Kazakhstan is ranked the 25th in the world in terms of conducting businesses, he noted, stressing that it advanced by three positions this year, and the country’s Ministry of Economy in Kazakhstan expects a 2.8 percent increase in GDP by 2021, and by 4.6 percent in 2025.
Kazakhstan ranks 12th worldwide among the holders of proven oil and gas condensate reserves (4.6 billion tonnes), and 22th - in terms of natural gas reserves (3.9 trillion cubic metres).
Related Topics
Recent Stories
Bugti assures transporters for addressing their problems
Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar meets foreign min ..
3 drug peddlers arrested, hashish recovered
1496,990 children given polio drops in five days: DC
Six terrorists killed, hideout busted in N Waziristan IBO: ISPR
Pakistan, Qatar agree to further expand trade, investment ties
Sindh cabinet approves Rs177.5m to strengthen, mobilize various wings of police
Faisal Karim Kundi takes oath as new KP Governor
Azad Jammu and Kashmir Prime Minister Anwaar ul Haq Chaudhry seeks more vibrant ..
Tahaffuz Manzil Foster Home providing care & support to homeless children
PCB proposes April 7 -May 20 window; tweaks in rules for HBL PSL 2025
Field hospitals now operational across Punjab: Azma Bukhari
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago