Kuwait, Kazakhstan to strengthen trade ties with focus on livestock and cargo
KUWAIT CITY - The Kuwait Chamber of Commerce and Industry (KCCI) emphasized on Tuesday the importance of enhancing cargo transport operations with Kazakhstan, particularly in the livestock sector, due to its vital role in securing new sources and strengthening food security.
This came in a press statement issued by the Chamber following a meeting with Kazakhstan's Deputy Prime Minister and Minister of Foreign Affairs, Murat Nurtaliu, and his accompanying delegation at the KCCI headquarters. The meeting was also attended by the Kazakh Ambassador to Kuwait, Azamat Berdybay.
The Chamber praised Kazakhstan's notable economic growth and development, noting that the country is rich in natural resources such as oil, gas, minerals, livestock, and agricultural products.
It also expressed its willingness to strengthen cooperation with its Kazakh counterpart by renewing the joint cooperation agreement, welcoming economic delegations, and organizing bilateral meetings between the business sectors of both countries.
The statement quoted Minister Nurtaliu as saying that the visit reflects the shared commitment of the two friendly nations to deepen their economic ties. He highlighted Kazakhstan's significant commercial potential, citing its strategic geographic location as a vital link between the Gulf Cooperation Council (GCC) countries, Russia, and China.
Nurtaliu noted that 85 percent of goods transported from East Asia to Africa and Europe pass through Kazakhstan. He added that the country offers an investor-friendly environment with laws and incentives aligned with international standards, including tax exemptions, affordable land, and well-developed infrastructure.
He also mentioned the Kazakh government's efforts to improve the business climate, particularly by digitizing 95 percent of government services. He invited Kuwaiti businesses to explore investment opportunities in various sectors such as tourism, agricultural and food processing, the digital economy, telecommunications, and information systems—especially since Kuwaiti citizens are exempt from entry visa requirements.
Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sharjah 24
17 hours ago
- Sharjah 24
Russia to build Kazakhstan's first nuclear power plant
Announcement from Kazakh authorities "Rosatom has been named as the leader of the international consortium for the construction of the first nuclear power plant in Kazakhstan," the former Soviet republic's nuclear power agency said in a statement. Kazakhstan's uranium production Kazakhstan, a vast resource-rich country in Central Asia, is currently the world's top uranium producer, providing 43 percent of supplies. However, it does not produce enough electricity to meet domestic consumption needs. Location of the new power plant The new power plant, whose construction was approved in a referendum in late 2024, will be built near the half-abandoned village of Ulken near Balkhash Lake. The lake, located in the southeast, is the country's second largest. Consortium bid participants China's National Nuclear Corporation, France's EDF, and South Korea's Hydro and Nuclear Power had all bid to build the plant. In their announcement on Saturday, the Kazakh authorities said that the three companies would be included in the consortium led by Rosatom but did not provide any details. Observers' perspectives Observers say the idea of the consortium is a way for authorities to maintain good relations with all the countries involved but are skeptical that it will come to fruition, believing Rosatom will end up building the plant by itself. Kazakhstan's diplomatic relations Kazakh President Kassym-Jomart Tokayev has sought to keep good relations both with former colonial power Russia and with China, which borders the country to the east and finances major infrastructure projects in the region. Project financing and next steps Rosatom has proposed financing the project, and work will now begin to thresh out the details, the statement said. The announcement comes a few days before Chinese leader Xi Jinping is due to visit Kazakhstan for a "China-Central Asia" summit. Historical context of nuclear power in Kazakhstan Kazakhstan had nuclear power plants when it was part of the Soviet Union, in addition to hosting Soviet nuclear weapons. It was also the site for Soviet nuclear testing. After the break-up of the USSR in 1991, the new country gave up its nuclear weapons, along with other ex-Soviet states Belarus and Ukraine; it decommissioned its nuclear power plants in the following years.
Sharjah 24
3 days ago
- Sharjah 24
SCCI underscores need for facilitating trade missions to Ethiopia
Strengthen bilateral trade and investment ties The Chamber also seeks to strengthen bilateral trade and investment ties between the UAE and Ethiopia, as part of its strategic vision to expand the outreach of its trade mission throughout Africa. These remarks were made during a meeting, held at SCCI's headquarters, between Abdallah Sultan Al Owais, Chairman of SCCI, and Aklilu Kebede Erena, Consul General of the Federal Democratic Republic of Ethiopia in Duba and Northern Emirates. The meeting was attended by a number of SCCI board members, alongside Abdul Aziz Al Shamsi, Assistant Director-General for Communication and Business Sector at SCCI; Dr. Fatima Khalifa Al Muqarrab, Director of the International Relations Department at SCCI, and several officials from both sides. Discussed ways to strengthen economic partnership During the meeting, both sides discussed ways to strengthen economic partnership between Sharjah and Ethiopia. They underscored the potential for expanding investment and trade in key sectors such as agriculture, manufacturing, technology, and infrastructure. They also addressed the importance of co-hosting economic events, including exhibitions and conferences that bring together business communities from both countries, thereby fostering the exchange of expertise and supporting the growth of mutual investments.4 The efforts can by further reinforced by the Memorandum of Understanding signed between the Sharjah Chamber and the Ethiopian Investment Commission (EIC), which provides a strategic framework for enhancing bilateral economic and investment cooperation. AED 34 billion between 2013 and 2022 Abdallah Sultan Al Owais extended a warm welcome to the visiting delegation and praised the strong and growing economic relations between the UAE and Ethiopia. He noted that non-oil trade between the two countries recorded a growth of more than 180% over the past years, reaching a cumulative value of AED 34 billion between 2013 and 2022. He added that these positive outcomes pave the way for broader economic and trade collaboration between the two friendly nations, enabling both sides to capitalize on their diverse investment opportunities. Reaffirmed the Sharjah Chamber's commitment to deepening economic partnerships with East African countries Al Owais reaffirmed the Sharjah Chamber's commitment to deepening economic partnerships with East African countries, noting that the African continent, particularly Ethiopia, possesses significant investment potential in key sectors. This positions the continent as a highly attractive destination for investors and business leaders from Sharjah and the UAE at large. For his part, Aklilu Kebede Erena commended the Sharjah Chamber for its proactive efforts to enhance bilateral economic cooperation and its commitment to fostering closer ties between the business community in Sharjah and its counterparts in Ethiopia. He emphasised that Ethiopia welcomes foreign investment and offers promising opportunities in vital sectors including agriculture, manufacturing, energy, and infrastructure.
TAG 91.1
06-06-2025
- TAG 91.1
UAE President exchanges Eid Al Adha greetings with regional leaders
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has exchanged Eid Al Adha greetings with the Emir of Kuwait, King of Bahrain and King of Jordan. During separate calls, Sheikh Mohamed extended his best wishes for continued health, happiness and prosperity to Kuwaiti Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Bahrain's King Hamad bin Isa Al Khalifa and King Abdullah II of Jordan. The leaders reciprocated the greetings. They collectively prayed for continued blessings on the occasion of Eid Al Adha, and for lasting peace, stability and progress in their countries. The leaders also expressed hopes for prosperity and stability across the Muslim world and the wider international community. Sheikh Mohamed also received greetings from His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council and His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region.
