Kazakhstan participates in major Middle East investment forum, prioritises transnational company cooperation

ASTANA – A Kazakh pavilion highlighting the country’s investment opportunities was presented at the Annual Investment Meeting (AIM) held April 9-11 in Dubai, reported the Kazakh Invest press service.

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“Kazakhstan and the UAE (United Arab Emirates) have a very long history of relations. Moreover, we are very glad to meet the Kazakh delegation this year at the event. The AIM exhibition management is ready to support the delegation of Kazakhstan so that you can successfully hold meetings. It is a great platform to attract multinational companies to Kazakhstan. We wish for you to achieve maximum results from this event,” said AIM President Dawood al-Shezawi.

The delegation included the representatives of 15 large domestic companies, state bodies and national companies. Kazakh Invest officials met with agents of the largest Middle-Eastern companies.

“We visited the pavilion of Kazakhstan at the World Trade Centre in Dubai because we heard that the business market is very developed in Kazakhstan and we would like to have a business in your country. Now we are looking for business partners around the world, especially in the Middle East, Italy, Kazakhstan and Russia. We are already developing in Dubai and we need to open a business with new partners,” said AT WORLD representative Mahmoud Shalash.

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A recent announcement from Kazakh Invest noted 67 projects involving $7.1 billion in foreign investments will be built this year, creating more than 13,500 jobs.  Construction and installation works are underway on six projects worth $539 million and 12 projects will start in the second quarter of the year.

A $15 million extruded mixed fodder plant financed by UAE-based Phoenix Commodities is one of the key projects in the Khorgos-Eastern Gate Special Economic Zone (SEZ).

“The collaboration with the transnational companies involves not only presentations and negotiations. The preparatory work is essential to identify the key projects. We have prepared 50 new projects. Now, we will identify the target companies. Our representatives abroad will work with these projects,” said Kazakh Invest board chairperson Saparbek Tuyakbayev at an April 6 press conference.

A major investment conference, AIM serves as an interactive platform for the international investment community. Industry 4.0, public-private partnerships and global strategies for attracting investment were on the plenary session agendas. The forum also included a pavilion exhibit featuring 141 countries.