Kazakhstan and China have signed around 60 agreements worth
$25 billion. The contracts were concluded during the second Central Asia-China
Industrial and Investment Cooperation Forum, held in Astana. The agreements
span key sectors of the economy, including energy, mineral processing,
mechanical engineering, logistics, the agro-industrial complex, and digital
technologies. Notably, the two countries agreed to establish joint production
of green hydrogen.
«One of the notable projects involves the Chinese company
Seraphim and focuses on the development of green hydrogen production, a
globally promising field. Hydrogen energy is already demonstrating its
advantages: in some cases, hydrogen-powered transportation and aviation
vehicles outperform electric ones. Construction is already underway on a deep
corn processing plant in the Zhambyl region, with the project valued at $850
million. A similar project is scheduled to be signed today between the Akmola
region governor and a Chinese company,» said Madiyar Sultanbek, Deputy Chairman
of the Management Board, Kazakh Invest national company.
Chinese investments in Central Asia have surpassed $40
billion. In Kazakhstan alone, 224 projects involving Chinese investors are
currently underway, with a total value of $66.5 billion. Furthermore,
Kazakhstan and China have agreed to update their bilateral agreement on
investment protection.
«We have implemented the principle of individualized,
turnkey support for each investor. Benefits and preferences include exemptions
from taxes and customs duties, the provision of in-kind grants, and assistance
with infrastructure matters. We ensure that investors enjoy smooth access to
resources, infrastructure, and export support. I invite our Chinese partners to
take full advantage of the available opportunities for business development in
Kazakhstan and across Central Asia,» said Kazakh First Deputy Prime Minister
Roman Sklyar.
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