Kazakh Invest national company and the Chinese company Xinjiang Hengyuan Investment Management Co., Ltd. have signed a Memorandum of Understanding aimed at implementing a large-scale project to create a Kazakhstan-China Trade and Industrial Park in Astana.
Xinjiang Hengyuan Investment Management Co., Ltd., based in Baiyang, China, with significant experience in executing similar projects, plans to build the trade and industrial park on a 50-hectare area.
The project is expected to positively impact the development of key sectors of Kazakhstan’s economy, including logistics, warehousing, processing, trade, commercial services, and real estate management. The project will also facilitate the attraction of Chinese trade and manufacturing companies to operate in Kazakhstan and deepen economic cooperation between the two countries.
“This project opens up new horizons for cooperation between Kazakhstan and China. The creation of the Kazakhstan-China Trade and Industrial Park in Astana will not only accelerate the development of key sectors of our economy but also create numerous new jobs, which will have a positive effect on the socio-economic development of the country,” said Yerzhan Yelekeyev, Chairman of the Board of Kazakh Invest.
