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Chinese investors to invest in Kazakhstan’s food industry, mining and metallurgy

27 October, 2021 15:18

Chinese investors are considering the possibility of implementing investment projects in Kazakhstan’s food industry, mining, and metallurgical complex, reports Strategy2050.kz citing the press service of Kazakh Invest national company.

Kazakh Invest Deputy Chair Zhandos Temirgali met with the top management of the Chinese CITIC Construction, a subsidiary of the CITIC Group specializing in the engineering and construction industry. Since 1982, the corporation that consists of more than 40 different companies has been investing in foreign projects.

During the meeting, CITIC Construction Vice President Yang Jianqiang announced the company's interest in investing in new projects in the agricultural and mining sectors, particularly the production of meat products, deep processing of grains and oilseeds, as well as the development of deposits of vanadium and other non-ferrous metals.

As part of the negotiations, Kazakh Invest briefed the investors on the investment potential of Kazakhstan, opportunities, and support mechanisms for business in the country.

“For many years, the state has been paying great attention to the development of the agro-industrial complex. The state is taking a set of measures aimed at improving the agro-industrial sector. Because of this, today some results are seen - an increase in gross agricultural production, the formation of new agricultural facilities in the country and an increase in investment in the agricultural industry,” said Kazakh Invest Project Manager Samat Almagambetov.

During the meeting, Kazakh Invest Project Manager for the mining and metallurgical sector Dilyara Tektigulova spoke about the investment advantages in the mining and metallurgical industry and presented investment proposals for the Chinese side.