OREANDA-NEWS. November 08, 2007. Particularly, the President met with Sheikh Mansour bin Zayed Al Nahyan the Chairman of the International Petroleum Investment Company who is a member of the ruling dynasty of the Abu Dhabi Emirate, reported the Official website http://www.akorda.kz.

The President also met with Khalfan Saeed Jumaa Al Kaabi, a board member of the Abu Dhabi Chamber of Commerce and Industry and concurrently the Chairman of the Commission for contractor works, and with Khaldoon Khalifa Al Mubarak, the CEO and board member of the Mubadala Development Company.

The Kazakhstani side was represented by Kairat Kelimbetov, the Board Chairman of the Kazyna Fund of Sustainable Development and by Kanat Bosumbayev, the Board Chairman of the Samruk holding.

The agenda covered issues of developing investment cooperation. It was especially underscored that because of the friendly character of bilateral relations and also warm personal relationships between the Heads of State, new prospects are opened for cooperation in this area.

The Kazakhstani side presented concrete projects in petrochemistry, oil and gas industry, metallurgical sector to representatives of the Abu Dhabi business community, which require several billion dollars of investments each.

Sheikh Mansour bin Zayed Al Nahyan noted that so far UAE investments in the economy of Kazakhstan were allocated primarily in the real estate sector or civil infrastructure. There are all preconditions now for investment cooperation in industrial areas including energy sector. The Sheikh said the UAE are interested to invest in breakthrough projects in Kazakhstan.

The sides agreed that top managers of the Kazakhstani national holdings Samruk and Kazyna will continue negotiations with top managers of investment companies from Abu Dhabi. They must consider both industrial matters and financial parameters of the projects.

”We have got all possibilities to implement these large projects. We are ready to work together with our Kazakhstani partners. For detailed discussion of the projects, we have agreed to hold meetings in Astana and Abu Dhabi,” Khalfan Saeed Jumaa Al Kaabi said at a press briefing.