Abu Dhabi and Kazakhstan discuss expanding business co-operation

Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI), Abdullah Mohamed Al Mazrui, and Ambassador of Kazakhstan to the UAE, Madiar Menilikov, have discussed the latest developments in economic cooperation between Abu Dhabi and Kazakhstan.

Held at the Chamber’s tower in Abu Dhabi, the meeting highlighted the development in cooperation ties between the two sides over the recent years.

Al Mazrui emphasised the interest of Emirati companies operating in Abu Dhabi to increase their presence in Kazakhstan markets, noting that the Abu Dhabi Chamber is exerting huge efforts to boost trade relations and increase the communication between Abu Dhabi businesses and their counterparts around the globe.

“The ADCCI supports businesses by creating an encouraging business environment turning Abu Dhabi into a competitive investment destination for foreign businesses and a gateway for Asian and African markets thanks to its strategic geographical locations,” he added.

The Chairman expressed the Chamber’s readiness to offer its support to Kazakhstani businesses by providing them with all information about the available investment projects and the future plans of Abu Dhabi, especially in the sectors envisioned by Abu Dhabi Economic Vision.

Ambassador Menilikov called on Emirati investors in Abu Dhabi to benefit from the available investment opportunities in Kazakhstan, especially in the agricultural, infrastructure, manufacturing, property, tourism, and transportation sectors.

He shed light on the UAE-Kazakhstan solid ties and his government’s interest in levelling up trade cooperation to the highest levels. He assured his country’s commitment to supporting foreign investors by providing them with the incentives they need to invest in critical developmental sectors.

Within its endeavour to discover new avenues of economic and trade cooperation between Argentina and the UAE, the Abu Dhabi Chamber of Commerce and Industry has recently organised a business meeting with a high-level delegation from the Argentine Republic.

Held at the Chamber’s tower in Abu Dhabi, the meeting witnessed the attendance of Dr Gerardo Zamora, Governor of the Province of Santiago del Estero and head of the visiting delegation; Abdullah Mohamed Al Mazrui, Chairman of the Abu Dhabi Chamber; Saeed Sultan Bin Rashid Al Dhaheri, Abu Dhabi Chamber Board Member; and Mohamed Helal Al Mheiri, Diractor General of the Abu Dhabi Chamber.

A large number of government officials, dignitaries, entrepreneurs, and businesses from Argentina and the UAE attended the meeting as well.

In his welcoming remarks, Al Mazrui said that the UAE and Argentina share long history of fruitful cooperation, explaining that Argentina is one of the key trade partners to the UAE in Latin America.

“The total trade between our two friendly countries has witnessed remarkable growth over the last few years, from around Dhs759 million in 2015 to Dhs1.22 billion in 2020,” he elaborates.

Al Mazrui pointed out that the UAE has been working hard to issue new laws and legislations to provide the proper environment for businesses to grow and prosper, putting the country atop of several world economic indexes.

“It has ranked first worldwide in the latest Global Entrepreneurship Index 2022, making it the most preferrable destination for start-ups globally, considering entrepreneurship is one of the drivers towards a diversified and futuristic knowledge-based economy,” he added.

The Chairman of the Abu Dhabi Chamber concluded his remarks by emphasising that the Abu Dhabi Chamber is ready to support Argentinean investors desirous of doing business in the Emirate, and to provide them with the necessary services to make their businesses a success.

For his part, Governor Gerardo Zamora stated that since they have been constituted as Great Argentine North, they had a vision of what they can carry out together and that is why the first place they chose to export and receive investment from is the United Arab Emirates.

He added, “each of the provinces of the Great Argentine North has different characteristics and promotion possibilities. We have great food export capacity that I think we can develop together. For this reason, we set up an Investment and Foreign Trade Agency to support all the businessmen in our region who want to make their offerings exportable in the world, and also to attract investment and capital to our provinces, giving support, certification and accompaniment.”

During the meeting, the Argentinean delegation were introduced to the available investment opportunities in Abu Dhabi through a video presentation on the business environment in the Emirate, which also highlighted the services the Abu Dhabi Chamber offers for its members.