09.11.2007, 13:25 2708

UAE interested in investing in Kazakhstan projects

The United Arab Emirates expressed interest in investment in important projects in Kazakhstan, the agency reports referring to the president's press service. "The United Arab Emirates are interested in investment in important projects in Kazakhstan," the chairman of the board of international company of Abu-Dhabi for oil investments Sheikh Mansur ben Zayed al-Nahayan stated on Thursday at the meeting with the President of Kazakhstan Nursultan Nazarbayev.

Astana. November 9. Kazakhstan Today - The United Arab Emirates expressed interest in investment in important projects in Kazakhstan, the agency reports referring to the president's press service.

"The United Arab Emirates are interested in investment in important projects in Kazakhstan," the chairman of the board of international company of Abu-Dhabi for oil investments Sheikh Mansur ben Zayed al-Nahayan stated on Thursday at the meeting with the President of Kazakhstan Nursultan Nazarbayev.

Sheikh Mansur ben Zayed al-Nahayan noted that until now the United Arab Emirates were mainly investing into economy of Kazakhstan in real estate or city infrastructure sectors. "Now there are all preconditions for investment cooperation in industrial sphere, including energy sector," the sheikh said.

According to the press service, during the working visit to the United Arab Emirates the leader of the state Nursultan Nazarbayev held a number of meetings with the chairmen of investment structures of Abu-Dhabi.

He held the meetings with the member of the board of Commercial Chamber of Abu-Dhabi - the chairman of the commission for contract works Halfam al-Kaabi and the Executive Director of Mubadala Company Haldun Halif al-Mubarak.

The chairmen of Kazyna - K. Kelimbetov and holding Samruk - K. Bozumbayev presented the Kazakhstan party.

"The topics of the negotiation were the questions of development of investment cooperation. It was emphasized that owing to friendly character of mutual relations and warm personal relations of the leaders of the states, new prospects in this sphere are opening," the press release states.

The Kazakhstan party acquainted the representatives of business circles of Abu-Dhabi with specific projects in petro chemistry, oil-and-gas sector and metallurgical complex, investments necessary, for realization of each several billions dollars is required.

The parties agreed that the chairmen of Kazakhstan national holdings Kazyna and Samruk will continue negotiations with the chairmen of investment structures of Abu-Dhabi.

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