Prime Minister Mamin held talks in the UAE

Prime Minister Askar Mamin made a working trip to the United Arab Emirates, Tengrinews.kz reports with reference to the website of the head of government.

It is reported that Askar Mamin in Abu Dhabi held talks with the Deputy Prime Minister, Minister of Presidential Affairs of the UAE Sheikh Mansour bin Zayed Al Nahyan, as well as the leadership of state development institutions and holdings Abu Dhabi Developmental Holding Company (ADQ) and other leading companies in the UAE …

The parties discussed the progress in the implementation of the agreements reached earlier and the prospects for bilateral cooperation in trade and economic, financial and investment, energy, transport and logistics, agro-industrial and other spheres.

According to the press service of the head of the Kazakh government, Emirati companies are involved in the implementation of 11 large investment projects in our country with a total value of over $ 3.5 billion.

Following the talks, an intergovernmental agreement was signed on the establishment of a long-term strategic partnership for the development of projects in priority sectors of the economy. The document is aimed at the implementation of projects in the energy, agro-industrial, transport and logistics, pharmaceutical and financial sectors of the national economy of Kazakhstan with a total investment of more than $ 6 billion. The main partner of Kazakhstan in the implementation of the agreement will be the Abu Dhabi sovereign fund ADQ, which is widely represented in such sectors as manufacturing and mining, agribusiness, transport and logistics, finance, tourism, media and energy. The fund manages over $ 175 billion in assets.

Within the framework of the agreement, Samruk-Kazyna intends to establish strategic cooperation with ADQ and create a joint energy holding company for the development of renewable and traditional energy. It is planned to implement joint projects for the construction of solar, wind and hydroelectric power plants in Kazakhstan with a total capacity of 5 GW and others.

In addition, Kazyna Capital Management and ADQ will establish a $ 100 million joint venture fund to finance joint start-up projects in the areas of IT, fintech, agrotech, B2B and B2C, telecommunications, food technology, platform solutions and digital transformation, and others.

ADQ will take part in the construction of a network of wholesale distribution centers in Kazakhstan. The company is also considering the possibility of implementing a number of large projects in meat farming, poultry farming and fruit gardening in Kazakhstan. SK-Pharmacia and Rafed will cooperate in the development of the pharmaceutical industry. Within the framework of the visit, the Akimat of the East Kazakhstan region, Sembol and Abu Dhabi Fund for Development signed an agreement on the basic terms of cooperation on the implementation of the project for the construction of the Katon-Karagai tourist complex.

Also, memorandums of understanding were signed, and within the framework of the visit, the postal services of Kazakhstan and the UAE carried out a joint issue of two postage stamps on the theme “30 years of independence of the Republic of Kazakhstan. 50 years of the formation of the United Arab Emirates ”. Series – “Memorable and Anniversary Dates”.

Askar Mamin visited the international exhibition EXPO 2020 Dubai in Dubai, where he got acquainted with the national pavilions of Kazakhstan, the United Arab Emirates, the Russian Federation and others. The ministers of the national economy Asset Irgaliev, the ministers of agriculture – Erbol Karashukeev, the ministers of justice – Marat Beketayev, the akim of the East Kazakhstan region Danial Akhmetov, the chairman of the board of Samruk-Kazyna JSC Almasadam Satkaliev, the deputy chairman of the Agency for Strategic Planning and Reforms Zhaslan Madiev, First Vice Minister of Energy Murat Zhurebekov, Ambassador of the Republic of Kazakhstan to the UAE Madiyar Menilbekov, representatives of the business community of the Republic of Kazakhstan and others.

Source: tengrinews.kz