Volume of trade of Kazakhstan and UAE to grow in 2010 up to $300 million
Almaty. September 6. Kazakhstan Today - Volume of trade of Kazakhstan and the United Arab Emirates in 2010 will grow from $197 million up to $300 million, the Ambassador of Kazakhstan to the United Arab Emirates, Askar Musinov, informed the Arabian news agency WAM.
"The United Arab Emirates and Kazakhstan expect high rate of development in the economy and trade. Two countries will use available investment possibilities," the Ambassador said at the reception in honor of the Constitution Day of Kazakhstan.
The Ambassador has underlined the importance of this date in the history of the Republic of Kazakhstan and in detail talked about the strategic plan of stable economic development 'Kazakhstan-2030'.
"Despite the global economic crisis, Kazakhstan has managed to achieve economic growth and has attracted more than $100 billion foreign investments," A. Musinov said.
Kazakhstan will increase oil extraction up to 2.5 million barrels a day from the present level of 1.3 million barrels a day.
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