As part of the Kazakh-Chinese round table, with the support of NC KAZAKH INVEST JSC, 44 documents worth over $3.7 billion were signed.
The agreements are aimed at developing joint projects in such areas as energy, mechanical engineering and manufacturing, transport and logistics, as well as trade. The signings demonstrate the strengthening of the partnership between Kazakhstan and China, helping to attract investment and create new jobs.
Thus, JSC Kazakhstan Temir Zholy and Lianyungang Port Group of Companies signed an agreement to invest in the construction of a container hub based on the Aktau port. This project aims to improve logistics infrastructure and expand opportunities for transit transportation through Kazakhstan.
The Chinese Myande Group together with the KazFoodProducts Group of Companies are planning to build a plant for the deep processing of wheat into lysine, wheat gluten and bioethanol in Kostanay. The grain processing plant’s capacity will be 400 thousand tons per year. This project is aimed at creating high-quality value-added products, which will help strengthen Kazakhstan’s position in the international agricultural market. Moreover, it is planned to modernize a plant for deep processing of corn in the Almaty region. It is expected that the work will lead to an increase in corn processing capacity to 100 thousand tons per year.
Another company from China, China Huadian Corporation, whose assets are estimated at $140 billion, plans to implement a number of projects in the energy sector.
The implementation of the agreements will be an important step towards expanding fruitful cooperation between the two countries.
Source: https://invest.gov.kz/
