Azerbaijan, Kazakhstan to sign Memorandum of Understanding

Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and JSC "National Agency for Export and Investment KAZNEX INVEST will today sign a Memorandum of Understanding on mutual cooperation issues, AZPROMO President Adil Mammadov told journalists on Monday.

The Memorandum will be signed within the framework of the Azerbaijan-Kazakhstan business forum held in Baku.

"It will provide support in terms of investment, development of entrepreneurship and increasing of public support," he said.

Mammadov said the business forum is attended by about 80 Kazakh and Azerbaijani companies that operate in different spheres, including agriculture, food processing, energy, construction and engineering.

"The Azerbaijani companies are interested in cooperation with the Kazakh companies, in the establishment of relations with the Western Kazakhstan," he said.

Recently, the Azerbaijani companies are active in Aktau, including road construction, he said.
Deputy Chairman of the KAZNEX INVEST Board Meyrzhan Maykenov said Azerbaijan and Kazakhstan has historically had good relations.

"The Kazakh companies are willing to work with companies and governmental agencies of Azerbaijan on establishing the cooperation in various spheres," Maykenov said.

He said a Kazakh delegation of representatives of 21 companies interested in cooperation in oil and gas sector, in particular in the field of joint ventures in oil and gas engineering, as well as in the delivery of food supplies, building materials and pharmaceuticals, arrived in Baku to attend the business forum.


/Trend/