On the sidelines of the Central Asia-China Industrial and
Investment Cooperation Forum in Astana, Kazakhstan and China signed 58
commercial agreements worth around $24 billion. The Almaty region inked seven
documents totaling over $6 billion, including projects in renewable energy,
logistics, agriculture, and industry. Astana, along with the Kyzylorda and
Turkistan regions, presented initiatives in infrastructure, agro-industrial,
and industrial sectors. This was announced at a meeting on cooperation with
China chaired by Prime Minister Olzhas Bektenov. The discussions focused on the
implementation of investment projects, taking into account the agreements
reached during talks between the leaders of the two countries. Since 2005,
China has invested more than $26 billion in Kazakhstan’s economy. Currently,
224 industrial projects worth over $66 billion are being implemented in the
country with the participation of Chinese investors. The goal is to increase
total investment inflows to $150 billion by 2029. To achieve this, systematic
measures are required to boost capital investment and launch new projects
focused on non-resource and export-oriented production.
«The visit of the Chinese President to Kazakhstan, at the
invitation of the Head of State, once again demonstrated the high level of
political and economic cooperation between our two countries. I will personally
oversee and provide full support for each implemented project,» noted Kazakh
Prime Minister Olzhas Bektenov.
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