China’s group considers creating investment fund in Kazakhstan

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ASTANA (TCA) — Chairman of Kazakh Invest National Company for Investment Support and Promotion, Saparbek Tuyakbayev and Vice President of China’s Winta Investment Group Tan Zhiyuan met in Astana on May 21 to discuss the possibility of creating an investment fund in Kazakhstan. This issue was previously considered during preliminary talks with the Kazakh Invest representative office in Beijing.

In addition, Winta Investment Group prepared a number of proposals for implementation of industrial projects in Kazakhstan. One of them is production of trim stone, including development of deposits and export of finished products, as well as construction of industrial parks, Kazakh Invest reported. Potential partners, state support measures and resource base were proposed for each project.

Kazakh Invest offered to consider the possibility of participating in management of special economic zones of Kazakhstan and some promising investment projects, one of which is construction of a large theme park near Almaty.

The potential investor was also informed about the opportunities for registration of the company on the Astana International Financial Center (AIFC) website with the participation of Kazakh Invest and for obtaining additional preferences for operation in Kazakhstan.

The total amount of investments Winta Investment Group has made over the years is 6.2 billion US dollars. WINTA Investment Group Co., Ltd includes 30 different companies in China that are engaged in banking, financial investment management, investing in industrial projects, construction of real estate, production of construction materials, and trade.

Sergey Kwan

TCA