Azernews.Az

Fourteen agreements and memorandums in the amount of $1 billion were signed during the visit of British Prime Minister David Cameron to Astana on Monday, the Kazakh Industry and New Technologies Ministry reported.

Particularly the Industry and New Technologies Ministry signed two memorandum with the SUN Gold Company on cooperation in the construction of mining and processing complex at the Yubileynoye field in the Aktobe region and with Rio Tinto on the establishment of the Centre of Geological Research in Kazakhstan.

The memorandum on the establishment of assembling production of drilling rigs in Kazakhstan was signed by British Dando Drilling International, Kaznex Inest and Kazgeologiya JSC.

Among the bilateral documents are also the license agreement to participate in the design and development of the Weightless wireless data transmission signed between Kazakhtelecom JSC and the Weightless Contracting Company and the agreement to establish a joint venture between KazTurboRemont LLP and the Wood Group.

The British delegation headed by Cameron included representatives from more than 30 companies operating in such industries as mining and metallurgy, oil and gas and mechanical engineering as well as the financial sector, architecture and construction, aerospace industry and education.

In 1993-2012, the gross amount of direct investment from the UK to Kazakhstan amounted to $11.7 billion. In 1993-2012, the gross volume of direct investments from Kazakhstan to the UK amounted to $3.6 billion.

According to customs statistics, the trade turnover between Kazakhstan and the United Kingdom in 2012 amounted to $2.3 billion, including exports worth $1.7 billion.

The main items of Kazakhstan's exports are metals and metal products, mineral products, machinery and equipment. In turn, the UK ships to Kazakhstan animal products, machinery, equipment, vehicles and chemical products.