ASTANA, Kazakhstan, October 17. Kazakhstan's companies are ready to supply about 90 types of goods to the UAE, said Vice Minister of Trade and Integration Kairat Torebayev during the trade and economic mission of Kazakh commodity producers to Dubai, Trend reports.
As Torebayev noted at the opening of business negotiations, with the help of mutual investments, Kazakhstan and the UAE have strengthened economic development and continue to work on the implementation of joint projects.
"Fulfilling the task of the President of Kazakhstan Kassym-Jomart Tokayev to increase trade with the UAE, we are expanding interaction with partners and assisting businesses in entering the trade markets of our countries. In the medium term, Kazakh companies are ready to supply about 90 types of goods worth $440 million to the Gulf country," he said.
These are products of the metallurgical and chemical industries, the food industry, mechanical engineering, vehicles, construction materials, and pharmaceuticals.
The UAE market is attractive for Kazakhstan. It is included in the list of priority export destinations for goods manufactured in Kazakhstan.
In 2022, Kazakh entrepreneurs exported products worth $560.3 million to the UAE.
Last year, trade turnover between these countries amounted to $633 million, and there is the potential to increase this amount to $1 billion in the near future by expanding the range of goods.