During the meeting, issues of development of bilateral relations in various spheres of the economy, establishment of strategic partnership between countries and implementation of joint investment projects were discussed. The participants touched upon the implementation of the initiative of Kazakhstan on the establishment of the Islamic Organization for Food Security, the draft Agreement on the promotion and protection of mutual investment, and cooperation in the development of the Astana International Financial Center.
M. Al Gergawi noted the high level of holding the first Summit of the Organization of Islamic Cooperation in Science and Technology and Expo-2017 in Astana.
“The experience of Kazakhstan will contribute to the worthy holding of the next International Exhibition Expo-2020 in Dubai”, he noted.
In turn, Bakytzhan Sagintayev noted the positive dynamics of the development of relations and assured that the Kazakh side will make every effort for their further strengthening and development.
Diplomatic relations between the Republic of Kazakhstan and the UAE were established in October 1, 1992.
The Emirates occupy the 52nd place in Kazakhstan's trade turnover among 205 countries, including: 16th place - from 42 countries of Asia and the first place among Arab countries of the Gulf. Last year, the trade turnover between the countries amounted to 374.2 million dollars and increased more than threefold as compared to 2015. Export of Kazakhstan to the Emirates also significantly exceeded the corresponding import figures - four times and amounted to 305.2 million dollars in 2016.
In the first half of 2017, trade between the countries amounted to 317.3 million dollars (exports - 273.8 million dollars, imports - 43.5 million dollars). Over the period from 2005-2016, the total volume of attracted foreign direct investment from the UAE to Kazakhstan amounted to 2 011.8 billion dollars.