Kazakhstan attracts huge Chinese investments
By Trend
About $ 300 million of private investments were attracted from China for a big project, the head of the Akmola region of Kazakhstan, Malik Murzalin, said at a press conference on November 15.
He noted that through these investments, a paper production plant will be built in the Akmola region. The construction of the 500,000-ton plant will begin next year together with a Chinese company.
"About $ 300 million of private investment was attracted from China. Thus, straw will be processed, as a result we will receive paper, cardboard, organic fertilizers, electricity, methane, " Murzalin said.
Also in 2018, the Makinsk poultry plant with a capacity of 50,000 tons per year will be commissioned in the region. It is also planned to build a meat processing plant with a capacity of 5,000 tons a year (LLP "Erementau-Kulan") and a pig breeding complex for 2,000 pigs with processing capacity of 5,500 tons per year (LLP "Bavaria Product") in the Astrakhan district.
China is one of the main trade and investment partners of Kazakhstan. The total volume of China's investment in the economy of Kazakhstan exceeded $42.8 billion, and lending - in total more than $50 billion.
The parties identified 51 projects of cooperation in the field of production facilities, which is designed to significantly promote the industrialization of Kazakhstan and create new jobs in the country.
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