ASTANA (TCA) — A forum aimed at attracting Chinese investors in the development of the Khorgos-Eastern Gates Free Economic Zone located on the Kazakh-Chinese border was held late last week in Nanjing, the main city of China’s Jiangsu province, said the press service of Kazakhstan’s national railway company Kazakhstan Temir Zholy (KTZ).
The forum was aimed at implementation of the Agreement between the Jiangsu province and KTZ on the attraction of direct investments of $600 million. The Agreement was signed during Kazakhstan President Nursultan Nazarbayev’s visit to China in September 2015.
The forum gathered representatives of some 150 Chinese companies.
“The uniqueness of the FEZ is in its broad possibilities to provide logistics chains for cargo deliveries to Asia and Europe,” said KTZ President Askar Mamin. “Its modern infrastructure and tax and customs preferences allow creating new production facilities, primarily for the market of the Eurasian Economic Union with a population of 180 million.”
The Dry Port of the Khorgos FEZ is now complete and conducts logistics and multimodal operations for cargo delivery to EEU countries, Central and South Asia, Europe, and Persian Gulf countries.
According to the KTZ president, joint implementation of the FEZ projects will help conjugate Kazakhstan’s Nurly Zhol new economic policy and China’s Silk Road Economic Belt program.
The deputy governor of the Jiangsu province said at the forum that the Chinese side will take an active part in the implementation of the industrial cooperation program at the Khorgos-Eastern Gates FEZ.