Companies from Kazakhstan and
China signed 17 agreements worth $629 million at the interregional forum in
Urumqi. Among these are contracts on the construction and modernization of 10 substations
and power lines, the construction of a plant to produce electrical equipment,
and the supply of camel milk powder and sunflower oil. It is worth noting that
the large dialogue platform gathered representatives of 17 regions, major
companies, and business circles from Kazakhstan and regions of China. The
participants discussed trade and economic, transport, investment, and cultural
and humanitarian cooperation. During his speech at the forum, Kazakh Deputy
Prime Minister Serik Zhumangarin noted that China ranks fourth in terms of
investment in Kazakhstan.
«Kazakhstan and China have
established all conditions for intensive interregional cooperation. Currently,
there are 43 passenger flights between cities of the two countries, with future
plans to expand flight routes to additional cities in China. We are actively
collaborating with China in developing new transit routes and enhancing
transport and logistics infrastructure,» Kazakh Deputy Prime Minister Serik
Zhumangarin said.
«China is a very active investor
in Kazakhstan, ranking among the top five. Currently, around 2,700 companies
with Chinese capital and 600 joint ventures are operating in Kazakhstan. Major
Chinese enterprises are also actively engaged in the Kazakh market. We would
like to see even more companies added to this list, alongside small and
medium-sized businesses,» Kazakh Vice Minister of Trade and Integration Kairat
Torebayev said.
Additionally, the China-Eurasia
EXPO has kicked off in Urumqi, featuring 1,900 companies from 50 countries, 30
provinces, autonomous regions, and municipalities of China. At the
international professional brand exhibition, the National Pavilion of
Kazakhstan is the largest among foreign exhibitors. Spanning an area of 260
square meters, 42 domestic companies showcased export goods, primarily food
products.
