Nazarbayev proposes Emirati investors placing capital in Kazakh bank deposits
ABU-DHABI. March 17. KAZINFORM /Aigul Tulekbayeva/ Kazakhstan President Nursultan Nazarbayev proposes Emirati investors to place a part of their capital in deposits with Kazakhstan's banks. "Investment funds and financial institutions of the UAE could place a part of their capital in the deposits with Kazakhstan banks or purchase the stock of our companies. This could be a very profitable and secure investment safeguarged by the government”, President Nursultan Nazarbyev said at the first session of the Kazakhstan-UAE Business Council. “We are ready to receive your investments under the protection of the government”, Nursultan Nazarbayev said. As earlier reported, the President of Kazakhstan is paying an official visit to the United Arab Emirates. *** President offers Emirati businessmen to invest into Kazakhstan's economy ABU-DHABI. March 17. KAZINFORM /Aigul Tulekbayeva/ President of Kazakhstan Nursultan Nazarbayev proposes Emirati businessmen to invest into Kazakhstan's economy.During the first session of the Business Council in Abu-Dhabi President Nazarbayev outlined several priority directions for cooperation . First of all, it is development of the industries with high added value. “These should be the businesses which will perform deep processing of Kazakhstan's natural resources – chemistry, petrochemistry, oil products, metallurgy, mechanical engineering, equipment for transport, oil-and-gas and agricultural industries”, he said. According to President Nazarbayev, development of agrobusiness industry and particularly manufacture of agricultural products with further export and development of infrastructure are among investment-attractive sectors. In this regard he reminded of commenced implementation of Kazakhstan’s megaproject – construction of West China – West Europe higway. Nursultan Nazarbayev noted that Kazakhstan considered the UAE to be a reliable political and economic partner. “I invite you to open up Kazakhstan's market more extensively”, he said.