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Public Sector Voices: How sovereign funds drive investment and diversification

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·GN Focus Report·about 1 month ago
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Kazakhstan highlights reform & strategic ambition, emerging as key Eurasian hub Last updated: April 30, 2026 | 12:16 A Diplomat's View Kazakhstan’s ambassador to the UAE, Rauan Zhumabek, discusses investment inflows, a $1 billion annual trade target and the 20 new agreements shaping bilateral ties. How are Kazakhstan-UAE relations developing? Around 20 agreements have been signed in various sectors, especially agriculture, digitalisation, IT, transport and logistics, and renewable energy – the fourth pillar of our cooperation. We are now expecting a state visit from the President of the UAE to Kazakhstan this year. In 2023, we signed a declaration of strategic partnership, formally elevating our relations to a strategic level. My mission is to ensure the implementation. Why is Kazakhstan attracting major UAE investment? The UAE is currently among the top ten foreign investors in Kazakhstan, with investments totalling $4.5 billion. One key reason is Kazakhstan’s strategic geographic location.…

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