1.5 Billion Dollar Investment! Kazakhstan's First Deputy Prime Minister Sklyar Meets with Senior Executives of China Xinfa Group to Discuss the Pavlodar Industrial Park Project
Kazakhstan International News Agency — According to a statement from the Prime Minister's official website, on the 8th, Kazakhstan's First Deputy Prime Minister Roman Sklyar held talks with Vice Chairman of Xinfa Group Zhao Tingyong. The two sides discussed in-depth the cooperation prospects and implementation plans for the project of building a modern industrial park in Kazakhstan.
Xinfa Group is a multinational company headquartered in Singapore (the original text is "Shanxi Xinfa Chemical" - editor's note), and one of the world's leading diversified industrial groups, with businesses covering energy, aluminum, chemicals, environmental construction, and agricultural technology, among other fields. Since its establishment in 1972, the group has long maintained a global competitive advantage in key production areas.
According to preliminary plans, this large-scale full-cycle industrial park is expected to be located in Pavlodar Region, focusing on deep processing of resources such as coal, bauxite, copper, fluorite, and limestone, promoting the production of high-value-added products. The project plan includes building aluminum and copper smelters, developing energy infrastructure including renewable energy, and laying out projects for soda ash, carbon materials, and environmentally friendly building materials. Preliminary estimates show that the total investment of the project is approximately 1.5 billion US dollars, and the area of the park will exceed 3,000 hectares.
Zhao Tingyong stated during the meeting that Xinfa Group had previously conducted a systematic assessment of Kazakhstan's resource reserves, including bauxite, coal, and copper deposits. From the perspective of building a complete deep processing industry chain and enhancing product value-added, the group holds an optimistic view of Kazakhstan's industrial development potential.
Sklyar pointed out that attracting strategic investment and promoting the development of technology-intensive industries is a key direction of Kazakhstan's national economic policy. For this purpose, the government has established a relatively complete legal and institutional guarantee system, providing a stable and predictable business environment for large-scale investment projects, and is committed to developing long-term partnerships with international industrial leaders.
At the end of the meeting, both sides expressed their intention to continue close communication on issues such as the detailed project plan, industrial synergy, and long-term investment cooperation.
Original article: toutiao.com/article/1853753330711772/
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