According to the press service of the West Kazakhstan Regional Akimat, all 14 projects planned in the region will be carried out by a single consortium.

President Kassym-Jomart Tokayev, during his meeting with Chinese President Xi Jinping, stated: “China is Kazakhstan’s largest trading partner. Our joint large-scale projects are being successfully implemented.”

In line with the Head of State’s directive, 14 investment projects will be implemented in cooperation with Chinese entrepreneurs in the West Kazakhstan region. Investors from the neighboring country intend to invest over 134 billion tenge in key sectors such as energy, agriculture, and healthcare. A bilateral agreement on these projects has already been reached. In the coming days, construction of two factories will commence. The first batch of equipment-laden containers has already been shipped from Weifang, China, to Kazakhstan.

The first project involves the construction of a 34-megawatt gas power plant in the industrial zone, which will provide stable energy to future production facilities. Additionally, construction of a refinery for oil catalyst recycling will begin.

The necessary equipment for the plant has already been dispatched to Kazakhstan. The loading ceremony of the first shipment was attended by a delegation led by Nariman Turegaliyev, the Akim (Governor) of the West Kazakhstan region.

“As the President emphasized, we must focus on developing processing industries, agriculture, and production to reduce dependence on raw materials. These projects will give a strong boost to the regional economy,” said Governor Nariman Turegaliyev.

All 14 projects planned in the region will be carried out by one consortium. Its member companies will invest not only in energy, but also in agricultural machinery, oil, construction, and healthcare sectors. The working group visited a complex in Shandong Province to explore the latest technologies.

Ge Jian, CEO of the Chinese company VEGA Power, noted that the project would be implemented in stages, with an initial investment of 30 million US dollars. He also stated that five containers have already been dispatched and that once the project is fully completed, more than ten types of products will be produced.

During the meeting with investors, the regional governor highlighted several key requirements:
companies must be registered in the region so that tax revenues go to the local budget; local workers should be employed; and the training of future specialists must be funded by the investors.

The region also plans to strengthen cooperation with China in the healthcare sector. For this purpose, the delegation visited the iKang Guobin Checkup Center, where they studied China’s modern healthcare methods and innovative medical service models.

It is worth noting that, according to the results of the first half of this year, the West Kazakhstan region ranks third in Kazakhstan in terms of foreign direct investment volume.

This visit was organized with the support of the Embassy of the Republic of Kazakhstan in the People’s Republic of China.