Kazakh, Egyptian presidents mull nuclear energy co-op

Kazakhstan and Egypt plan to cooperate in space research and nuclear energy spheres, said Kazakh President Nursultan Nazarbayev.

Nazarbayev made the remarks following the meeting with his Egyptian counterpart Abdel Fattah al-Sisi, said the message from Kazakh president’s press service.

The sides will consider the possibility of signing an intergovernmental agreement in space research sphere, according to Kazakhstan’s president.

Moreover, taking into account the creation of the Low Enriched Uranium Bank in Kazakhstan and plans for constructing a nuclear power plant in Egypt, the sides have started to discuss the prospects for cooperation in this sphere.

Further, the two presidents discussed the cooperation in transportation and transit spheres. Nazarbayev noted that Kazakhstan and Egypt play a significant role in the Silk Road Economic Belt project.

Kazakhstan’s president said that his country supports Cairo’s intention to create a free trade zone with the Eurasian Economic Union.

He also stressed the importance of establishing long-term relations in the sphere of agriculture.

“Kazakhstan is among the world leaders in grain export, while Egypt is the largest state importing it,” said Nazarbayev. “Kazakhstan has exported over a million tons of grain to Egypt from 2006 to 2010. This cooperation will further develop.”

Further, Kazakh president said that currently, it is planned to implement a number of joint investment projects. Egyptian business circles consider the possibility of investing in construction of resorts on the Caspian Sea coast and building a poultry farm in Kazakhstan’s Almaty province.

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