UAE Signs Deals Worth Over $5 Billion With Kazakhstan To Increase Trade and Investment
UAE Signs Deals Worth Over $5 Billion With Kazakhstan To Increase Trade and Investment
On Monday, the UAE signed 22 deals with Kazakhstan worth over $5 billion. These deals are meant to increase trade and investment between the two countries, especially in farming and chemicals.
UAE-Kazakhstan Business Forum
Important business deals were signed at the UAE-Kazakhstan Business Forum. Kazakhstan’s President Kassym-Jomart Tokayev and Abu Dhabi’s Crown Prince Sheikh Khalid bin Mohammed bin Zayed attended the event.
Thani Ahmed Al Zeyoudi, the UAE’s Minister of State for Foreign Trade, said the forum is an important place for businesses from both countries to work together.
In his closing speech, President Tokayev said Kazakhstan supports Emirati businesses and is open to new ideas. He said there are good chances for cooperation in energy, transport, finance, smart technology, and farming.
Details of the Agreements
One major deal was between Kazakhstan’s Ministry of Agriculture and QazaqArab Sugar to start a sugar factory in the Almaty region.
Another deal was between Abu Dhabi’s AI company, AIQ, and KMG Engineering to work together on AI projects.
Kazakhstan’s Ministry of Digital Development, the city of Astana, and Presight AI also agreed to build a new data center in Astana. This will help with the smart city project and improve Kazakhstan’s use of AI and supercomputers.
Astana also made a deal with the Emirates Kazakhstan Education Investment Group to build a SABIS International School in the city.
In sea transport and logistics, AD Ports Group and Semurg Invest agreed to work together on the Sarzha Multipurpose Terminal at Kuryk Seaport on the Caspian Sea.
Kezad Group signed three deals with Kazakhstan’s business organizations, including the National Chamber of Entrepreneurs, Kazakh Invest, and the Aktau Seaport Special Economic Zone.
Also, the Astana International Financial Center and Abu Dhabi Global Market (ADGM) signed an agreement to work together on personal data protection rules.
Another agreement was signed between the Chamber of International Commerce of Kazakhstan and Khalifa Economic Zones in Abu Dhabi to support trade and investment.
Trade Between UAE and Kazakhstan
Non-oil trade between the UAE and Kazakhstan grew ten times since 2020, reaching $5.6 billion in 2024.
The National Bank of Kazakhstan said the UAE has invested $2.3 billion in Kazakhstan. Kazakhstan has invested over $1 billion in the UAE.
More than 250 UAE companies are now working in Kazakhstan, mostly in construction, mining, transport, and trade.
Published: 13th May 2025
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