UAE, Kazakhstan to work on $11b joint projects: Tokayev

UAE, Kazakhstan to work on $11b joint projects: Tokayev

The UAE and Kazakhstan have maintained exemplary relations and cooperation in many respects, said President Kassym-Jomart Tokayev of Kazakhstan.. It can be said with confidence that over 28 years we have established exemplary relations between our states and our people.. The stock of direct investment from the UAE to Kazakhstan amounted to 2.1 billion dollars while the Kazakhstan to UAE investments reached one billion dollars.. Al Sayegh said in a speech that the two-way trade between the two countries had witnessed a significant rise from $ 273 million in 2015 to 415 million in 2018.. "The UAE is currently investing over US$ 2 billion in Kazakhstan, which makes it one of the top sources for Foreign Direct Investments.".