Kazakhstan and the UAE plan to boost their trade turnover to $1 billion.

Kassym-Jomart Tokayev held a meeting with the President of the UAE, Sheikh Mohammed bin Zayed Al Nahyan, reports inbusiness.kz citing the press service of Akorda.

The meeting took place at the Qasr Al Shatie Palace, where Kassym-Jomart Tokayev met with the President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan.

The head of state expressed gratitude to the UAE President for the warm welcome and hospitality, and wished for a successful "Abu Dhabi Sustainable Development Week".

Kassym-Jomart Tokayev fondly recalled meetings with Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi and Dubai in 2023, which provided a strong impetus for cooperation and opened new avenues for interaction.

"The UAE is our key partner in the Arab world. We are committed to close cooperation across the full spectrum of bilateral and multilateral contacts for the benefit of our countries. I greatly appreciate your efforts to strengthen the strategic partnership between Kazakhstan and the UAE, which is progressively developing in the spirit of friendship, trust, and mutual respect. Your Highness, I look forward to welcoming you to Kazakhstan. I am confident that your visit to our country will mark an important milestone in strengthening Kazakh-Emirati relations," the head of our state stated.

According to him, the UAE is currently among the top ten largest foreign investors in Kazakhstan.

"Last year, the inflow of direct investments from the UAE more than doubled. During our meeting in Abu Dhabi, we set a new goal – to increase trade turnover to 1 billion dollars. I propose that our governments focus on a specific economic agenda to create positive trade dynamics. We rely on your support in implementing the Joint Declaration on the realization of strategic investment projects. Within the framework of this document, we actively cooperate with Emirati companies in various sectors, including transport and logistics, energy, finance, tourism, and many others, fostering mutual growth and progress," noted Kassym-Jomart Tokayev.

In turn, Sheikh Mohammed bin Zayed Al Nahyan thanked the President of our country for participating in the "Abu Dhabi Sustainable Development Week" summit. Highlighting the fruitful nature of cooperation between the two countries, he emphasized the importance of further expanding political dialogue and economic ties, as well as the quality implementation of previously reached agreements. The President of the UAE expressed confidence that by 2025, the relations between Kazakhstan and the Emirates would reach a new level, contributing to the development and prosperity of both nations. He also highly appreciated the role of Astana in addressing current issues of international and regional security and sustainable development.