Economic Forum of Tajikistan and the United Arab Emirates

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October 21, 2016 at the National Library took place the Economic Forum of Tajikistan and the United Arab Emirates. The purpose of this forum was to develop and strengthen business and economic relations between Tajikistan and the United Arab Emirates.

The forum, which was prepared and conducted by the State Committee on Investments and State Property Management of the Republic of Tajikistan, was attended by over 100 entrepreneurs from the two countries.

Chairman of the State Committee on Investments and State Property Management of the Republic of Tajikistan Kodiri Kosim opening the forum, sincerely congratulated the participants of the forum on behalf of the Government of Tajikistan and added that in present conditions relations between the Republic of Tajikistan and the United Arab Emirates in the political, economic and socio-cultural spheres will gradually develop.

Welcoming speech was made by the Minister of Energy of the United Arab Emirates Mr. Suhail bin Mohammed Al Mazrui.

Kodiri Kosim expressed confidence that the ongoing meetings and dialogues in the framework of this conference will contribute actively to the further strengthen of trade and investment cooperation between entrepreneurs and investors of Tajikistan and the United Arab Emirates.

Pleases the fact, that every year are strengthened multilateral relations of Tajikistan and the United Arab Emirates, and the trip of the Founder of Peace and National Unity - Leader of the Nation, the President of Tajikistan, His Excellency Emomali Rahmon in March this year to the United Arab Emirates and conducted meetings with the top leadership of the country gave new energy to the expansion of this cooperation.

Signed documents during the trip will contribute to further strengthening of the legal framework of our cooperation.

Evolving from year to year trade and economic cooperation between entrepreneurs and investors of our countries contributed to the fact, that the total volume of foreign trade turnover between Tajikistan and the United Arab Emirates for the first nine months of 2016 amounted to 30 million 465.8 thousand US dollars, of which 15 million 557 thousand is the export, and 14 million 908 100 - import.

Attraction of investments between two countries is flourishing, in the years 2007-2015 by the UAE investors were attracted 161 million 905.80 thousand dollars into the economy of Tajikistan, of which 72 million 693.50 thousand dollars were direct investments.

At the same time, in Tajikistan are based and operating 14 joint enterprises with the United Arab Emirates.

At the same time, it should be noted that there are many unused opportunities between two countries, and today's conference will contribute to strengthening cooperation.

Both sides expressed an interest in strengthening and expanding the comprehensive economic cooperation, which will serve as a reliable basis not only for the complex of relations, but also creation of new jobs and solution of many social problems of the city. Currently, Tajikistan has prepared a number of economically attractive and investment programs and projects.

In modern conditions day by day the demand for electricity is growing and this area has economic advantages not only in Tajikistan but also in the region.

Hydropower potential allows to produce more than 530 billion kilowatt / hours of hydro-electricity per year. Energy programs, especially the construction of hydropower plants, have a real economic and strategic advantage. We are interested in attracting the United Arab Emirates to the realization of great opportunities of Tajikistan in the field of water resources.

Source: State committee on investment and state property management of the Republic of Tajikistan