The United Arab Emirates remains Kazakhstan’s top trade and investment partner in the Gulf, with total investments exceeding $4.3bn, President Kassym-Jomart Tokayev stated at the Kazakhstan–UAE Business Forum on May 12.
Speaking alongside Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, Tokayev highlighted the deepening economic partnership and reaffirmed both countries’ commitment to expanding cooperation across strategic sectors.
Tokayev announced that high-level talks led to the signing of commercial agreements in key economic sectors totaling approximately $5bn. He expressed confidence that business representatives from both countries would play a crucial role in ensuring the successful implementation of these deals.
“As the UAE’s Vision 2031 aligns closely with our national priorities for innovation, industrial growth, and diversification, we are committed to providing a favorable environment for Emirati business partners,” Tokayev said.
He added that Kazakhstan is actively undertaking economic reforms in accordance with OECD international standards, and highlighted the establishment of the Investment Board, which offers streamlined and effective support to foreign investors, including UAE companies.
Tokayev also spotlighted several joint projects currently underway between Kazakhstan and major Emirati firms. These include collaborations with Masdar, Presight, Abu Dhabi Ports Group, Terminal Holdings, and Abu Dhabi Commercial Bank.
“These partnerships showcase the depth, effectiveness, and momentum of our dynamic bilateral cooperation,” he noted.
The forum featured thematic sessions on digital technology, finance, urban development, and the green economy. Business-to-business (B2B) meetings were also held to foster direct engagement between companies from both countries. The UAE delegation included representatives from the Abu Dhabi Department of Economic Development, UAE Chambers of Commerce and Industry, and major corporations such as Masdar, AMEA Power, and Abu Dhabi Ports Group.
On the sidelines of the forum, a number of important agreements were signed. These include an investment agreement between the Ministry of Agriculture of Kazakhstan and QazaqArab Sugar to launch a sugar production project in the Almaty region. A memorandum was also signed between the Ministry of Digital Development, the Akimat of Astana, and Presight AI to construct a data processing center in Astana.
Additionally, the Akimat of Astana and the Emirates Kazakhstan Education Investment Group signed an MoU to implement the SABIS International School Astana Project. The Astana International Financial Center and Abu Dhabi Global Market reached an agreement to cooperate on laws protecting personal data. KMG Engineering and AIQ also entered into a strategic collaboration to develop joint technological solutions and share expertise.
Further agreements included a memorandum between Kazakhstan’s Chamber of International Commerce and Khalifa Economic Zones Abu Dhabi to promote trade and investment, as well as a Heads of Terms Agreement between SEMURG Invest LLP and Khalifa Economic Zones Abu Dhabi to establish a joint venture on the Kyryk Multipurpose Terminal.
SEZ “Seaport Aktau” also signed a memorandum with Khalifa Economic Zones Abu Dhabi to strengthen cooperation. Lastly, Alel Agro and Lulu Group International signed an MoU to boost trade and procurement in the agri-food sector.
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