Astana and Beijing signed 50 commercial agreements totaling $8.2 billion during the “Kazakhstan–China” investment forum in Almaty, according to the press service of the President of Kazakhstan.
In particular, an agreement was signed on the construction of an electrolytic aluminum plant and an accompanying wind power plant 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 of companies comprising Xinjiang Sanbao Industrial Group Co., Ltd. and Inner Mongolia Wanjiang Investment Co., Ltd.
An agreement on joint project development was signed between Samruk-Energo JSC, China Energy Overseas Investment Co., Ltd., and SANY Renewable Energy Co., Ltd.
In addition, a document outlining the basic terms for establishing a specialized investment fund—focused on financing promising projects in Kazakhstan—at the Astana International Financial Center was signed between JSC “NC ‘Kazakh Invest’” and Silk Road Finance Corporation.
An agreement on cooperation in the construction of wind power plants 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 regarding the implementation of the project “Creation of a High-Tech Automobile Manufacturing Complex for the Production of Passenger and Special-Purpose Vehicles” was signed between the administration of the East Kazakhstan Region and the Kazakh-Chinese joint venture East Motors Corporation.
In addition, cooperation agreements were signed between the Turkestan Region and Turan Chemical Company LLC regarding the construction of a urea fertilizer plant.
An agreement on cooperation in organizing and supporting the issuance of dim sum bonds on the Hong Kong Stock Exchange (HKEX) was signed between the Mayor of Almaty and Guotai Junan Securities (Hong Kong) Limited.
An agreement was signed for the construction of a multifunctional complex featuring an international-brand hotel and a business center between the mayor of Almaty, Everest Development, and SunnyWorld Group.
An agreement was concluded on the preliminary terms for financing investment projects in priority economic sectors between the Development Bank of Kazakhstan and the Astana Branch of China Construction Bank Corporation.
