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Kazakh-Chinese Cooperation—$2.5 Billion in New Investment Agreements
As part of his recent working visit to China, Prime Minister of Kazakhstan, Olzhas Bektenov, attended the Kazakh-Chinese Investment Round Table with key business representatives. At the event, Kazakh and Chinese companies signed eight commercial agreements totaling $2.5 billion in new investments.
- Intelligent Systems Development
- Samruk-Kazyna Invest LLP, QAZAQGAZ AIMAQ JSC, and Goldcard Smart Group Co., Ltd signed an agreement valued at $8 million. This project includes assembly of gas meters in Almaty’s Alatau SEZ PIT, with parts supplied by GoldCard and local component integration.
- Coal Industry Equipment
- Qarmet JSC and Zhengzhou Coal Mining Machinery Group formalized a $70 million agreement to acquire advanced mechanized complexes to modernize Qarmet’s coal mining operations.
- Investment Cooperation
- A Memorandum of Understanding worth $552 million was signed among Kazakhstan’s Ministry of National Economy, the Chinese Silk Road Fund, and the Kazakhstan Investment Development Fund to foster investment partnerships.
- Ductile Iron Pipes Plant
- Qarmet JSC and Xinxing Ductile Iron Pipes Co., LTD reached a $161 million agreement to build a ductile iron pipes plant in Kazakhstan, with a projected capacity of 200,000 tons annually. The products will support infrastructure modernization projects across Kazakhstan.
- Mining and Metallurgy Partnership
- Qarmet JSC and China Metallurgical Group Corporation agreed on a $1 billion long-term collaboration to boost Kazakhstan’s mining and metallurgical sectors.
- Coke Production Modernization
- A $649 million agreement was signed between Qarmet JSC and ACRE Coking & Refractory Engineering Consulting Corporation to modernize coke production and advance coal chemistry in Kazakhstan.
- Mineral Insulation Factory
- Qarmet JSC and Nanjing Fiberglass Research & Design will establish a $30 million mineral insulation factory in Temirtau, with a production capacity of 100,000 tons per year and creating 200 new jobs.
- Truck Production and Technology Licensing
- Saran Machinery LLP and Sinotruk International finalized $70 million in agreements to facilitate truck assembly and technology licensing in Saran, with plans to create about 1,000 new jobs.
During his visit, Prime Minister Bektenov also explored Zhangjiang Science City’s Robot Valley in Shanghai, a leading center for robotics innovation in healthcare, industry, and public services. Impressed by the advanced robotics applications, he has tasked the Ministry of Digital Development, Innovation, and Aerospace Industry to collaborate with Chinese experts to integrate this expertise into Kazakhstan.
With these strategic partnerships, Kazakhstan and China strengthen economic and technological cooperation, paving the way for growth, job creation, and innovation across sectors.
