ASTANA (TCA) — On June 8 in Beijing, during the meeting of the Kazakh-Chinese Business Council, 40 economic documents were signed for a total of about 13 billion US dollars, 15 of them with the assistance of Kazakh Invest National Company for Investment Support and Promotion. According to these agreements, new high-tech production in the sector of engineering, biotechnology, and other spheres are planned to be launched in Kazakhstan, Kazakh Invest said.
“As part of the visit of the Head of State to the People’s Republic of China, the Kazakhstan-China Business Council, organized by Samruk-Kazyna, is being held today. During the Council, 15 projects were signed with the assistance of Kazakh Invest. In general, these are high-tech, innovative production facilities,” said Saparbek Tuyakbayev, Chairman of Kazakh Invest.
During the Kazakh-Chinese Business Council, Saparbek Tuyakbayev signed in cooperation with the vice president of CITIC Construction Co. Ltd. Ginchiang Young the Agreement on the production of lubricants of high class, gasoline, diesel, mineral fuel and liquefied hydrocarbon gases.
In addition, on the part of Kazakh Invest, agreements were signed with Hebei Hua Tong Cable on cooperation for the implementation of the cable production project in the Karaganda oblast, with Pharma Beijing-Ilin the agreement on cooperation in implementing projects to create a center for Chinese medicine and cultivation medicinal herbs.
In addition, with the assistance of Kazakh Invest, documents were signed on the implementation of the project for the development of the biochemical cluster in Kazakhstan between KazAzot, Cathay Industrial Biotech, Ltd. and CITIC Construction Co., Ltd., the roadmap for further development of the automobile cluster between Allure Group of Companies JSC, CMC Chinese company and Baiterek Holding, the memorandum on cooperation in organizing assembly production of tractors in Kazakhstan between Agromash Holding KZ JSC and YTO, as well as the cooperation agreement for the implementation of projects in the field of renewal trolled energy (solar and hydro) between Kazakh Invest, ECM Technologies French company and CEEC – NWPC International Chinese company.
