Kazakh, Chinese companies ink commercial agreements worth $2.5bln
Prime Minister Olzhas Bektenov, who is paying a working visit to the People’s Republic of China, has participated in the Kazakh-Chinese Investment Roundtable Meeting. Eight commercial agreements worth $2.5 billion were signed during the event between the leading Kazakh, Chinese companies, Kazinform News Agency learned from the press service of the Kazakh Government.
Following documents were signed:
- The agreement on cooperation between LLP Samruk-Kazyna Invest, JSC QAZAQGAZ AIMAQ and Goldcard Smart Group Co., Ltd in implementation of intelligent systems to the amount of $8 million. The project provides for small-scale assembly of gasometers in the territory of Alatau special economic zone in Almaty using the components supplied by GoldCard company;
- The agreement between JSC Qarmet and Zhengzhou Coal Mining Machinery Group on on the acquisition of mechanized complexes for the coal department’s mines to the amount of $70 million.
- The memorandum of mutual understanding providing basis for investment cooperation between the Ministry of National Economy of Kazakhstan, China’s Silk Road Fund Co.Ltd and Kazakhstan Investment Development Fund (KIDF) Management Company Ltd to the amount of $552 million.
- The agreement between JSC Qarmet and Xinxing Ductile Iron Pipes Co., LTD on construction of a plant for production of pipes from ductile cast iron in the territory of Kazakhstan. The projected capacity of the plant is 200,000 tones per annum. The cost of the project is $161 million. The products are widely used in construction, modernization, reconstruction, expansion and renovation of housing and utilities sector.
- The agreement between JSC Qarmet and China Metallurgical Group Corporation on a long-term comprehensive cooperation in mining and metallurgical sectors to the amount of $1 billion.
- The agreement between JSC Qarmet and ACRE Coking & Refractory Engineering Consulting Corporation on implementation of a strategic project of modernization of coke-chemical production and petrochemistry development worth $649 million.
- The agreement between JSC Qarmet and Nanjing Fiberglass Research & Design on construction of a factory for the production of mineral insulators from blast-furnace slag in Temirtau to the amount of $30 million, with the capacity of 100,000 tons of products per year and employment of 200 people.
- A package of agreements between LLP Saran Machinery and Sinotruk International on cooperation in distribution and assembly of KD, technology licensing and using trademarks to the amount of $70 million. Among them is the memorandum on implementation of a project on assembly of freight and special vehicles in Saran, which will enable to create around 1,000 new jobs.
In Shanghai, Olzhas Bektenov also visited Zhangjiang Robotics Valley. More than 80 Chinese and foreign robotics enterprises are operating in this research and technology center.
Bektenov tasked the Ministry of Digital Development, innovations and Aerospace industry to cooperate with the Chinese side to study the Robotics Valley’s experience and its further application in Kazakhstan.
