• Higher Organising Committee of Annual Investment Meeting (AIM) 2016 calls for larger Kazakhstani presence at the three-day global event
  • UAE investments in Kazakhstan jumps over AED 2 billion
  • Kazakhstan underscores the importance of the UAE participation at forthcoming Expo Astana 2017

 

Dubai, UAE, - His Excellency, Kairat Lama Sharif, the Ambassador of Kazakhstan to the UAE emphasized the importance of strong UAE-Kazakhstan relations, revealing that UAE investments in Kazakhstan exceeded AED 2 billion according to the Kazakhstani Ministry of Investment and Development. He noted that trade exchange amounted to USD 135 million by the end of 2015.

HE Lama Sharif was heading up a delegation of around 70 prominent Kazakh businesses to the UAE and at a meeing with Dawood Al Shezawi, President of Annual Investment Meeting (AIM), he announced that Kazakhstan is willing to extend the validity of the UAE visitors stay to 30 days, instead of the regular 15-day permit. This is in addition to the fact that UAE nationals have been exempt from visa to Kazakhstan since July 2014. Also announced were a further 14 investment opportunities in Kazakhstan that will be presented during the 6th Annual Investment Meeting (2016).

 

HE Kairat Lama Sharif underlined that Kazakhstan would ensure delegations would visit AIM each year, pointing out that the Kazakhstani participation in the 6th edition of AIM will be broader in scale. HE Lama Sharif revealed that the city of Almaty, the largest city and financial centre of Kazakhstan, is seeking to establish bilateral relations with Dubai Municipality to help businessmen in Kazakhstan to activate economic relations with investors from the Emirates.

Looking forward to Expo Astana in 2017 ,HE Lama Sharif says Kazakhstan puts great importance in UAE presence at the Expo which will be held in the Kazakh capital ‘Astana’ from 10th of June until the 10th of September 2017. He said, “The expo's official theme "Future Energy" will be on focus, so we see the UAE as an essential participant in this event, in the sense that the country will be hosting the World Expo 2020. The UAE is home to the IRENA – The International Renewable Energy Agency regional headquarters, and has prominent projects in this domain. In addition, Astana city will host the ‘Astana Expo-2017’ in conjunction with the opening of the Abu Dhabi Plaza, a development that is expected to be the tallest building in Central Asia.”

 

During his speech at the UAE–Kazakhstan Business matching event, Dawood Al Shezawi, President of AIM, called for a larger Kazakhstani presence at the forthcoming global AIM event. He stressed on the importance of Kazakhstan in participating in AIM this year by undertaking a Country Presentation, pointing out that Kazakhstan had recorded strong presence over the past years and provided many promising investment opportunities within the FDI sector. “We look forward to further collaboration, and share the same vision in building diversified, sustainable and knowledge-based economies,” he added.

 

Dawood

Kazakh Ambassador, HE Kairat Lama Sharif and Dawood Al Shezawi, President of AIM

 

More than 15,000 attendees from over 140 countries will take part in the 6th edition of AIM, that will be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. According to Al Shezawi, participating in AIM will enhance opportunities for investors and companies from Kazakhstan to strengthen their presence in the UAE, the region and the world, and will enable Kazakh companies to establish new partnerships and expand its business in global markets through Dubai.

 

He added that AIM is the first event of its kind in the Middle East region in terms of presenting a wide number of investment opportunities on a single platform. It plays a dominant role in promoting investment in emerging markets and fast-growing economies. He pointed out that the AIM works to stimulate FDIs across world markets, contributes to strengthening countries' economies, and establishes partnerships in various sectors and fields.

 

The event was further enhanced through participation by a delegation from the city of Almaty, the largest city in Kazakhstan, seeking to establish bilateral relations with the UAE in sectors such as energy, oil, real estate, infrastructure, telecommunications, transportation and logistics.

 

The Business matching event, which was also attended by businessmen from the UAE, saw series of presentations related to AIM 2016. Various aspects and investment opportunities in both countries were highlighted.

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