- Kazakhstan and China are advancing 224 industrial projects worth $66.4B.
- 80 new agreements worth $24B signed at Central Asia–China Forum in Astana, focused on manufacturing and infrastructure.
- Almaty region secured 7 agreements worth over $6B in green economy, logistics, and manufacturing.
Kazakh Prime Minister Olzhas Bektenov led a meeting focused on Kazakhstan-China collaboration to review the advancement of investment projects agreed upon during discussions between Presidents Kassym-Jomart Tokayev of Kazakhstan and Xi Jinping of China, as reported by the Government's press service via Kazinform News Agency.
In Kazakhstan, 224 industrial projects totaling 66.4 billion US dollars are being undertaken with the involvement of Chinese investors. Approximately 50,000 jobs will be created. China is listed as one of the top five biggest investors in Kazakhstan's economy, having invested 26.4 billion US dollars in the country from 2005 to 2024.
The PM emphasized that the recent trip of China’s President to Kazakhstan encouraged collaboration between the two nations and underscored the significance of the Industrial and Innovation Cooperation Forum Central Asia – China conducted in Astana. Eighty commercial contracts totaling 24 billion US dollars were signed alongside the forum.
He reminded Kassym-Jomart Tokayev of the goal to secure at least 150 billion US dollars in foreign investments by 2029. In this regard, collaboration with China, a major economic force and Kazakhstan's essential investment ally, continues to be the nation's primary focus. President Xi Jinping's recent visit to Kazakhstan, prompted by an invitation from the Head of State, reaffirmed the strong political and economic ties between the two countries.
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PM Beketnov emphasized the importance of accelerating efforts in the Abai, East Kazakhstan, and West Kazakhstan regions, fostering collaboration with partners, and presenting specific initiatives. The meeting centered on the creation of new agreements established between the regions and Chinese partners during the Central Asia-China Forum.
The Almaty region finalized seven agreements totaling more than 6 billion US dollars, encompassing initiatives in the green economy, logistics, agro-industrial complex, and manufacturing sector. The city of Astana, along with the Kyzylorda and Turkistan regions, proposed their initiatives in the infrastructure, agro-industrial, and manufacturing sectors.
After the meeting, state and local executive authorities were tasked with ensuring the implementation of the signed agreements.