The Ministry of Foreign Affairs of Kazakhstan on February 18 hosted the signing of an agreement for the implementation of an investment project for the production and deep processing of non-ferrous metals in Kazakhstan with China’s East Hope Group, a leading global manufacturer of non-ferrous metals, semiconductor technologies, and industrial innovations.
The signing ceremony was attended by Deputy Minister of Foreign Affairs Alibek Kuantyrov, Vice Minister of Industry and Construction of Kazakhstan Olzhas Saparbekov, and General Director of East Hope Group Changjun Meng.
The project involves the establishment of new production facilities in two regions of the country, which will enable the implementation of advanced technologies in the metallurgy industry and expand the export of finished products to international markets, including the European Union, Central Asia, and China. It also includes the construction of power generation facilities.
“The relations between Kazakhstan and China are at a high level of strategic partnership… The implementation of this project will not only bring advanced technologies but also create thousands of new jobs, develop the local supply chain, and enhance the competitiveness of Kazakhstani products in international markets,” emphasized Kuantyrov.
The parties agreed to work out the details of an investment agreement that will include specific terms of cooperation, measures of state support, and the obligations of the parties.
Saparbekov expressed his readiness to provide comprehensive support for the project and noted its strategic importance for the industrial development of Kazakhstan. “The establishment of large-scale production facilities will not only strengthen Kazakhstan’s position as a metallurgy hub in the region but also serve as a driver for attracting new investments and facilitating technological exchange,” he noted.
Changjun Meng noted that East Hope Group views Kazakhstan as an important strategic partner in the region: “We highly appreciate Kazakhstan’s economic potential and its investment climate. This project will not only be an important step for our company but also a significant contribution to the industrial development of the country.”
