1.5 Billion USD Investment! Deputy Prime Minister of Kazakhstan Meets Representatives of Two Chinese Enterprises to Discuss Cooperation in Coal Chemical and Agro-Industrial Projects
¬ Almaty Region Establishes Investment Service Office in Urumqi to Build a New Platform for Investment Promotion to China
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Kazak International News Agency — According to official government sources, recently, Serik Zhumanqalin, Deputy Prime Minister and Minister of National Economy of Kazakhstan, held a series of important meetings in Ürümqi with senior management from two leading Chinese industrial and agro-industrial conglomerates.
The negotiations, aimed at attracting large-scale investment into the Kazakh economy, took place at the office premises of the "QazTrade" Trade Policy Development Center's representative office in Ürümqi.
An important outcome of the talks was the agreement on cooperation with China Pingmei Shenma Holding Group Co., Ltd., a major integrated enterprise in China specializing in coal mining, coal chemical engineering, and new materials. The group is currently studying a large-scale project in Kazakhstan with a total investment of up to 1.5 billion USD, planned to establish a modern coal chemical complex, promoting full-chain development of coal deep processing and producing high-value-added products. The Chinese delegation stated that the company intends to build an intensive, modern, full-value-chain coal chemical base in Kazakhstan and views the country as a key investment platform in Central Asia. Zhumangalin expressed full support for this initiative and invited Chinese partners to conduct on-site inspections and investment matchmaking visits to Kazakhstan.
"We strongly support projects in the coal chemical sector. Kazakhstan is fully prepared to provide comprehensive support and will further improve financing mechanisms through coordinated efforts with Baikyt State Holding Company and the Development Bank of Kazakhstan. The Almaty Region also welcomes such initiatives and has already prepared land for project implementation," he emphasized.
At the conclusion of the meetings, China Pingmei Shenma Holding Group signed a Memorandum of Understanding (MoU) with the "QazTrade" Trade Policy Development Center regarding the development of Kazakhstan’s coal resources and promotion of the coal chemical industry.
The other key partner is Xinjiang Zhongxin New Agricultural & Livestock Co., Ltd. The company possesses strong industrial foundations in biotechnology, animal husbandry, veterinary vaccine production, feed processing, and agricultural deep processing.
Both sides exchanged views on the feasibility of introducing advanced veterinary pharmaceutical production technologies to Kazakhstan, as well as implementing comprehensive solutions in the fields of veterinary medicine, animal husbandry, and crop cultivation. Key discussion topics included the application of modern agricultural technologies, construction of irrigation systems, and high-protein corn cultivation.
In addition, the Chinese enterprise proposed the idea of establishing an industrial park in the Horgos Economic Special Zone, aiming to cultivate corn and achieve deep conversion of up to 1 million tons annually. The Chinese partner noted that, through collaboration with the state joint-stock company "Grain Contract Company," they have conducted relatively in-depth research on the Kazakh market.
During the meeting, Zhumangalin recommended that the company consider Almaty Region as a priority area for establishing agro-industrial complexes and joint agricultural deep-processing projects.
He also pointed out that after the World Organisation for Animal Health (WOAH) lifted its final veterinary restriction, Kazakhstan now faces new opportunities for exporting livestock products abroad. To this end, Kazakhstan has proposed a comprehensive cooperation model focusing on establishing professional laboratories compliant with Chinese standards, improving export supervision systems, and strengthening border logistics infrastructure.
"Currently, Kazakhstan’s focus has shifted from live animal exports to high-value-added processed product exports. By establishing a robust quality control system and modern logistics infrastructure, we will significantly increase our exports of processed goods to China," emphasized Zhumangalin.
Both parties agreed to continue conducting in-depth studies on project details, developing a roadmap for cooperation, and organizing expert exchanges between both sides to effectively advance the implementation of various investment initiatives.
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Kazak International News Agency — According to the press office of the Almaty Region government, on the 25th, the investment service office of Semei Social Entrepreneurship Company, located in Ürümqi, China, was officially inaugurated.
Almaty Region Governor Berezhan Vali attended the ribbon-cutting ceremony and delivered a speech stating that the establishment of this office will further enhance the region’s attractiveness in the international investment market and provide strong support for building direct and efficient communication mechanisms with Chinese investors.
"We highly appreciate the attention shown by our Chinese partners toward the development of Almaty Region and their proactive willingness to promote practical economic and trade cooperation. As an important economic and logistics hub, Ürümqi’s new office will create a direct, open, and transparent communication platform for Chinese investors, entrepreneurs, and business representatives interested in investing and operating in Almaty Region," said Berezhan Vali.
Following the ribbon-cutting ceremony, Governor Vali met with several foreign enterprise representatives at the newly established office, engaging in in-depth discussions on expanding cooperation space and advancing joint project implementation.
It is worth noting that Almaty Region shares over 250 kilometers of border with China’s Xinjiang Uygur Autonomous Region. As a vital transit corridor connecting the two regions, the Bakhty Border Crossing plays a crucial role in promoting regional economic and trade cooperation. From January to April this year, bilateral trade between Almaty Region and China reached $952 million, an increase of 43% year-on-year; of which exports amounted to $842 million, up 41% year-on-year.
It is reported that the newly established investment service office will provide information consultation and organizational coordination services to Chinese enterprises and investors interested in investing in Almaty Region. Its primary responsibilities include receiving applications for potential investment projects and conducting preliminary assessments, assisting in preparing project documentation, organizing business negotiation matches, and submitting relevant recommendations to the headquarters of Semei Social Entrepreneurship Company for further review.
It should be clarified that this office operates solely as an investment service platform and does not assume any diplomatic, consular, or other official representative functions of the Republic of Kazakhstan. It has no authority to process visas, administrative permits, distribute government subsidies, or make any administrative decisions. Its main mission is to provide professional information and consulting services to investors and facilitate the creation of efficient and smooth business cooperation channels between both sides.
Original article: toutiao.com/article/1869135198922764/
Disclaimer: This article represents the personal views of the author