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SUNDAY, April 20, 2014
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UAE to aid road construction in Kyrgyzstan

Kyrgyz officials reassure Emirati delegation that investment is safe in Central Asian state

Thursday, February 09, 2012 - The United Arab Emirates (UAE) on Thursday said it would assist Kyrgyzstan with road construction as an Emirati delegation concluded its visit to the country.

The UAE will contribute $13.62 million to road construction, a priority of the Kyrgyz government since many of the country’s thruways need significant repair. Kyrgyz Transport Minister Kalykbek Sultanov and the director of the Abu Dhabi Fund for Development (ADFD) Mohammed Saif Al-Suwaidi were present at the signing of the agreement.

“Relations between the two countries have recently seen significant growth,” the Emirati news agency WAM reported Deputy Foreign Minister for Economic Affairs Khalid Ghanem Al-Ghaith as saying.

Kyrgyz Economy Minister Timur Sariev reassured the Emirati delegation that the investment climate in Kyrgyzstan is sound and that the government is working to significantly reduce the number of regulatory bodies.

Government ministers also drew on the Emirati delegation’s knowledge of developing investor-friendly legislation.

The group witnessed the inauguration of a new flight from low-cost airline flydubai which links the Kyrgyz capital Bishkek with Dubai.

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