Kazakhstan and China have signed 22 agreements worth approximately US$7 billion. This is the outcome of the 4th meeting of the Kazakh-Chinese Business Council which was held in Astana. The head of the Samruk Kazyna National Welfare Fund, Umirzak Shukeyev, said that mostly projects are aimed at the development of renewables. In addition, it is planned to launch an enterprise for the production of methanol and ammonia, as well as a plant for the caustic soda production. In total, the Kazakh-Chinese case has 51 projects worth about US$28 billion.

 

JIANG ZENGWEI, CHAIRMAN, CHINA COUNCIL FOR THE PROMOTION OF INTERNATIONAL TRADE:

- Kazakhstan is one of China's major trading partners in the CIS region. Trade cooperation with your country has a great potential. The establishment of joint ventures will become one of the driving forces of our partnership.

 

ERZHAN, TUTKUSHEV, CO-MANAGING DIRECTOR, SAMRUK KAZYNA:

- 20 commercial documents were signed and 5 documents were transferred through Samruk Kazyna which are valued at sum of US$4.5 billion. If the projects are implemented in accordance with the schedules, 11 thousand jobs will be created for the period of construction of these facilities and about 5 thousand jobs will be established during the operation. Of course, the key effect will be on the development of the regions.

 

According the forum’s outcomes, the agreements were reached regarding the construction of a wind power station in the Shelek corridor of the Almaty region with a capacity of 60 megawatts and with the possibility of expanding the project to 300 megawatts. Also, the countries intend to build four small and medium hydroelectric power stations.

 

ALMASADAM SATKALIYEV, CHAIRMAN, SAMRUK-ENERGY:

- Datang Corporation decided to enter the existing project of Samruk Energy. This is a 45 MW wind farm in the Ereymentau region. This is the same wind farm that will provide the expo’s facilities with clean energy.

According to experts, foreign business is ready to implement joint major projects, primarily meeting the priorities of large-scale initiatives like the Nurly zhol program and the Great Silk Road.

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