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Kazakhstan,China to realize 11 new projects worth $1.9B

27 September 2018 13:50 (UTC+04:00)
Kazakhstan,China to realize 11 new projects worth $1.9B

By Kamila Aliyeva

Kazakhstan’s First Deputy Prime Minister Askar Mamin was on a working visit in Beijing (China), where he held talks with the First Vice Premier of the State Council of the People’s Republic of China, co-chairman of the Kazakhstan-China Cooperation Committee Han Zheng.

During the trip, he also held bilateral meetings with the heads of major investment, financial, industrial, construction, transport and logistics corporations, the website of the Kazakh Prime Minister reported. The meetings focused on the implementation of joint investment projects.

“Thanks to the leaders of the two states - President Nursultan Nazarbayev and Chairman of the People's Republic of China Xi Jinping - Kazakhstan and China have achieved a high level of cooperation across the entire spectrum of bilateral relations,” Mamin said during a meeting with Han Zheng.

According to the Kazakh official, China is one of the main trade partners of the republic. The foreign trade turnover between the countries in 2017 increased by more than 30 percent. High dynamics, which is characteristic for 2018, will allow increasing the volume of trade to $ 20 billion.

It is noted that to date, Kazakhstan and China are implementing 51 joint projects in the field of industry, transport and logistics for the amount of about $ 28 billion. Successful implementation of these projects will create a number of large-scale productions, whose products will be delivered to the world's leading markets. An agreement was reached on the joint implementation of the new 11 projects worth $ 1.9 billion.

Mamin also held talks with the management of the companies CITIC Group, China Xin Xing Group Co., YTO Group Corp., Jiangxi Copper Company, Jiaxin Investment Resources, China Energy Engineering, CSI Solar Power Group, China CAMC Engineering Co., LOVOL HEAVY INDUSTRY , China Energy Engineering Corporation, China General Nuclear Power Group, etc.

Also, issues of development of transcontinental transportation and further development of the joint terminal and FEZ Khorgos - East Gate were discussed at the meeting with Head of COSCO Shipping Corporation Huang Xiaowen and Chairman of the Port of Lianyungang.

Moreover, issues of cooperation in the financial sector were discussed with Head of China Construction Bank Wang Zuji.


Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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