Foreign investors show interest in Turkestan region of Kazakhstan
By Kamila Aliyeva
The international investment and tourism forum “Ancient Turkestan - new opportunities”, held in Kazakhstan, saw the signing of 19 memorandums worth about $ 1.7 billion.
In particular, agreements were concluded between regional administration of Turkestan and investors from Iran, Turkey, Czech Republic, Russia, UAE, Malaysia, Italy, Poland and China.
Head of the regional administrative office Zhanseit Tuimebayev signed a memorandum with Iranian company Ardabil Petrochemical Co for a total amount of $ 205 million, which involves the construction of an oncology center and a plant for processing oil products.
In addition, an agreement was signed with the Chinese company Changchun Longyuan Power Equipment Co. Ltd, which intends to invest $ 648 million in the production of power plants and products.
At the same time, Green Land Alatau LLP and Russian investors intend to invest $ 180 million in the construction of a greenhouse complex.
Also, a contract with a total cost of $ 340 million was concluded with the Chinese company Shanghai Lianfu New Energy Science & Technology Group on the construction of a plant for the production of electric buses powered by solar batteries.
Turkish company Dogus Insaat ve Ticaret AS, which intends to implement a number of infrastructure projects in Turkestan, signed a document worth $ 100 million.
Iranian company Faradid Meehan plans to invest $ 5 million in the construction of a brick factory.
Also, within the framework of the forum, a memorandum with a Malaysian company for the implementation of large projects in the field of industry and infrastructure was signed in the amount of $ 100 million.
Representatives of the Turkish corporation Sallyr Bey Group are ready to develop sheep farming in the region and build an industrial farm worth $ 15 million.
In addition, Chinese investors are planning to invest $ 50 million in the construction of a 50 MW solar power plant, and the Czech organization AGRAS zelatovice a.s. expressed interest in realization of the project for the production of sorghum syrup. The construction of this plant is estimated at $ 20 million.
A memorandum with the Kazakhstan-Italian joint venture Kazakhstan Project Preparation Fund for the construction of a plant for the production of expanded clay worth $ 17 million was reached.
Meanwhile, the domestic VMS intends to invest $ 1.5 million in tourism projects in the Turkestan region.
As a result of the forum, a memorandum of cooperation was signed with Chery Commercial Vehicle in the amount of $ 20 million on the construction of a car manufacturing plant.
The Chinese company Huawei Technologies Kazakhstan expressed its intention to establish cooperation on Smart City projects and invest $ 10 million in them. At the same time, the Russian Eurasian Bank is ready to cooperate in the field of investment projects, and Al-Masood from the United Arab Emirates invest in the development of the tourism industry.
Thus, the exhibition turned out to be successful with so much contracts signed and agreements reached.
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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
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