Kazakhstan is a natural crossroad for transit from East to West, analytical report says

16 October, 2018, 17:30 620
Kazakhstan is a natural crossroad for transit from East to West, analytical report says

Following the report, the country plays a pivotal role in freight transport between East and West. 

 

The United Arab Emirates (UAE), the second largest economy in the Gulf Cooperation Council, after Saudi Arabia. The UAE is ranked as the 26th best nation in the world for doing business, based on its economy and regulatory environment.
 
Although the UAE has the most diversified economy in the Gulf, it is still extremely reliant on oil – more than 85% of the UAE’s economy was based on oil exports in 2009. Petroleum and natural gas also continues to play a central role in the economy. 

Coverage of UAE investment in petrochemicals, retail and infrastructure over the past three months has often noted the Dubai Investment Week, held from the 7th – 11th October. The event brought together Dubai government officials, global investors, and industry experts to identify Dubai’s new investment opportunities arising from, in particular, the latest retail and infrastructure projects. 

There are two significant trends in investment in the UAE in the past three months. Firstly, there has been a significant amount of investment coming from China, across both agribusiness and machinery. Secondly, investment in sustainable and ‘green’ projects has been a focus for international investors. 

Following the trend that the UAE is seeing in agricultural investment coverage, Kazakh Invest should focus on its support of various environmentally-friendly investment projects if it wishes to promote coverage and interest from news outlets. 

Furthermore, Chinese investment dominated manufacturing investment in the UAE in the past three months, in a trend which looks set to continue going forward. Kazakhstan currently enjoys close relations with China, particularly in regards to machinery investment as part of the Belt and Road initiative, and Kazakh Invest should consider further expanding Kazakh-Chinese investment cooperation. 

Kazakhstan is a natural crossroad for transit from East to West. The country plays a pivotal role in freight transport. There are a number of key transport links, including the Khorgos port on the border with China, the port of Aktau on the Caspian Sea, the Kazakhstan-Turkmenistan-Iran railway corridor, and the Western Europe-Western China transit corridor. Positioning Kazakhstan as reliable partner for inter-state transport can help bolster attention to the county’s extensive road links.