UAE and Kazakhstan set to boost ties

Sultan Ahmed bin Sulayem and Yeraly Tugzhanov sign agreements to acquire stakes in Kazakhstan's special economic zones in Abu Dhabi on Saturday.

The UAE and Kazakhstan signed a number of agreements and memorandums of understanding on Saturday to boost joint partnership and co-operation and open up new prospects for joint action in various sectors.

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Nursultan Nazarbayev of Kazakhstan attended the signing ceremony at the Presidential Palace on Saturday.

Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, and Zhenis Kassymek, Minister of Investments and Development of Kazakhstan, signed an agreement on Reciprocal Encouragement and Protection of Investments.

Two agreements were signed by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, and Kanat Bozumbayev, Minister of Energy, to build world-class plants for polyethylene and polypropylene in Kazakhstan.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Yeraly Tugzhanov, governor of the Mangistau region of Kazakhstan, signed a framework agreement on the main principles for the acquisition of a 49 per cent stake in the Special Economic Zone, 'Seaport Aktau'. Another framework agreement on DP World's equity participation in the Khorgos Eastern Gate Management Company was sealed by the DP World chairman and Kanat Alpysbayev, President of Kazakhstan Temir Zholy.

The agreement on Kazakhstan's participation in the Expo 2020 Dubai was concluded by Najeeb Al Ali, executive director of the Expo Dubai 2020 Bureau, and Allen Chayzhunusov, the Kazakhstan Commissioner-General of the Expo 2020 Dubai International Exhibition Kazakhstani Section. - Wam