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Kazakh envoy meets with Director of Abu Dhabi Fund for Development

25 September 2014 21:23
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Kazakh envoy meets with Director of Abu Dhabi Fund for Development

ASTANA. KAZINFORM - On September 24, 2014 Ambassador of Kazakhstan to the UAE Kairat Lama Sharif met with Mr. Mohammed Saif Al Suwaidi, the Director General of the Abu Dhabi Fund for Development (ADFD), Kazinform has learned from the Kazakh MFA's press service.

During the meeting Kairat Lama Sharif briefed on the process of reform of the "Samruk-Kazyna" Fund in several key areas, in accordance with the best international practices and advanced international experiences of sovereign wealth funds.
In addition, the Kazakh diplomat noted that currently transmission of the public assets and quasi-public sector's assets to the competitive environment within the framework of second wave of privatization in Kazakhstan has begun.
Mr. Mohammed Saif Al Suwaidi praised the efforts of Astana for sustainable economic growth of modern Kazakhstan. He noted with satisfaction that in 2001 the Emirati government Fund provided to the Government of Kazakhstan a soft loan for the reconstruction of the segment Karaganda-Osakarovka of the Karaganda-Astana road.
In this regard, Ambassador Kairat Lama Sharif said that the President Nursultan Nazarbayev pays great attention to the development of transport infrastructure in Kazakhstan. Moreover, the construction of "Astana-Karaganda-Almaty", "Astana-Pavlodar-Ust-Kamenogorsk", "Almaty-Kapchagai-Ust-Kamenogorsk" motorways has started, and a new road from Astana to Aktobe and the Caspian Sea also planned to be built.
At the end of the meeting the sides agreed to intensify joint work on the participation of the Abu Dhabi Fund for Development in infrastructure projects of Kazakhstan.


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