Kazakhstan and China are strengthening their partnership

Astana and Beijing signed 50 commercial agreements totalling $8.2 billion during the Kazakhstan–China Investment Forum in Almaty, according to the press office of the President of Kazakhstan. In particular, an agreement was concluded on the construction of an electrolytic aluminium plant and an associated wind farm in the Abai region (Eastern Kazakhstan), as well as on the construction of a particleboard plant in Semey (Semipalatinsk). The document was signed by the regional governor and a consortium comprising Xinjiang Sanbao Industrial Group Co., Ltd. and Inner Mongolia Wanjiang Investment Co., Ltd. An agreement on the joint development of a project was concluded between Samruk-Energo JSC, China Energy Overseas Investment Co., Ltd. and SANY Renewable Energy Co., Ltd.

In addition, a document setting out the key terms for the establishment, based at the Astana International Financial Centre, of a specialised investment fund focused on financing promising projects in Kazakhstan was signed between JSC Kazakh Invest and Silk Road Finance Corporation. An agreement on cooperation in the construction of wind farms with a total capacity of 450 MW in the Akmola Region was concluded between the regional administration and Sungrow Renewable Development Co., Ltd. A memorandum of understanding on the implementation of a project to establish a high-tech automotive manufacturing complex for the production of passenger cars and specialised vehicles was signed between the administration of the East Kazakhstan Region and the Kazakh-Chinese joint venture East Motors Corporation.

In addition, cooperation agreements have been signed between the Turkestan Region and Turan Chemical Company LLP for the construction of a plant to produce urea fertilisers. An agreement on cooperation in organising and supporting the issue of dim sum bonds on the Hong Kong Stock Exchange (HKEX) was concluded between the Mayor of Almaty and Guotai Junan Securities (Hong Kong) Limited. An agreement was signed between the Chairman of Almaty, Everest Development and SunnyWorld Group for the construction of a multi-purpose complex comprising an international-brand hotel and a business centre. An agreement was concluded on the preliminary terms for financing investment projects in priority sectors of the economy between the Development Bank of Kazakhstan and the Astana Branch of China Construction Bank Corporation.

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