UAE investment in construction of Abu Dhabi Plaza in Kazakhstan announced

April 15. Trend. Astana

By Daniyar Mukhtarov

UAE investment in construction of Abu Dhabi Plaza in Kazakhstan announcedUnited Arab Emirates will invest $1.6 billion in the construction of the Abu Dhabi Plaza in Astana.

“A meeting was held at the JSC National Agency on Development of Local Content NADLoC with the customer of multifunctional Abu Dhabi Plaza – Aldar EuroAsia LLP. The parties discussed the possibility of increasing the proportion of local content in the project,” the statement of the agency said on April 11.

“On our part, we are ready to cooperate and to involve Kazakh specialists in the project. Some 75 percent of workers employed in the project – are citizens of Kazakhstan. Among suppliers, we would like to see companies looking for novelty and willing to share their experience,” the General Director of Aldar EuroAsia LLP, Elias Dibb said.

The report also noted that the parties plan to conduct analytical studies and prepare a list of necessary domestic marketable positions, which can be beneficial in the process of construction.

As earlier reported, Abu Dhabi Plaza to be built in Astana will be the tallest residential complex of all such facilities in the CIS countries. Its completion is scheduled for 2017.