Government • 24 March, 2018

Kazakh President pays official visit to United Arab Emirates

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After the meeting ceremony, Nursultan Nazarbayev held talks with Crown Prince Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohammed bin Zayed Al Nahyan, in an extended format, reports the press service of Akorda.

The President of Kazakhstan thanked Mohammed bin Zayed Al Nahyan for the warm welcome.

"It is symbolic that my visit takes place in the year of the century of the founder of the United Arab Emirates, Sheikh Zayed bin Sultan Al Nahyan. I had the honor to be acquainted with your father," said Nursultan Nazarbayev.

The Head of State noted that fraternal relations and fruitful meetings give a new impetus to the development of relations between the two countries.

"Thanks to the implementation of mutual agreements, only in 2017 trade has doubled from $374 million to $643 million, and since 2015 — six times," the President of Kazakhstan said.

Nursultan Nazarbayev stressed the positive effect of introducing a visa-free regime between the countries and noted that the parties are interested in further deepening of cooperation in investment protection, space technologies, hydropower, petrochemicals, agriculture and digitalization.

In conclusion, the President of Kazakhstan conveyed greetings to the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan, and invited the Crown Prince to pay an official visit to Kazakhstan.

In turn, Mohammed bin Zayed Al Nahyan thanked Nursultan Nazarbayev for accepting the invitation to make an official visit.

"On my own behalf and on behalf of my people, let me welcome you to the land of the United Arab Emirates. I hope that your visit will be successful. Today we will sign a package of important bilateral documents. For my part, I express readiness for comprehensive cooperation," said Mohammed bin Zayed Al Nahyan.

During the official visit, the following bilateral documents were signed between the parties:

  • Agreement between the Governments of Kazakhstan and the UAE on the promotion and mutual protection of investments;
  • Memorandum on the basic conditions for cooperation in the construction of an integrated gas chemical complex in Atyrau region (production of polyethylene);
  • Memorandum of Understanding on the repurchase/acquisition of a stake in the polypropylene plant in Atyrau region;
  • Framework agreement on the main principles for the acquisition of a 49% stake in Morport Aktau SEZ JSC;
  • Framework agreement on the basic principles of DP World's participation in the capital of the joint stock SEZ Khorgos - Eastern Gate Management Company;
  • Agreement on participation in the World Expo-2020 in Dubai.
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