Kazakhstan and China signed eight commercial
agreements worth $2.5 billion in the most advanced industries, including coke
and coal chemistry, during the Kazakh-Chinese investment roundtable in
Shanghai. At the event, Kazakh Prime Minster Olzhas Bektenov held talks with
Premier of China’s State Council Li Qiang and representatives of Chinese
business. He highlighted the countries’ plan to double their mutual trade in
the near future, prioritizing industrial development for Kazakhstan. Bektenov
also called on Chinese companies to establish closer partnership with the
domestic business community. In turn, Chinese firms have shown interest in
Kazakhstan as a reliable partner for the implementation of projects.
«Over 30 companies are taking part in today’s
roundtable, and they represent a range of industries. I would like to note that
each of these companies is high-tech, and many of them are leaders in their
respective fields. Our goal is to ensure that new industry leaders and
companies with high value-added production emerge in Kazakhstan,» said Kazakh
Invest National Company Chairman Yerzhan Yelekeyev.
«An agreement was reached to establish a joint
venture in the Saran industrial zone, where an innovative plant will be
constructed for manufacturing trucks and commercial vehicles. New
state-of-the-art equipment was purchased for production processes, including
cab welding, cataphoresis, painting, and small-unit assembly,» shared
co-project manager Argulan Maikonov.
