JSC "NC "KAZAKH INVEST" 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 ndustrial Park in the city of Astana.
Xinjiang Hengyuan Investment Management Co., Ltd., based in Baiyang, China, with significant experience and expertise in executing similar projects, plans to build the trade and industrial park on a 50-hectare site.
The signed Memorandum 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. Additionally, this project will 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. We are confident that this is just the beginning of our successful collaboration with Xinjiang Hengyuan Investment Management Co., Ltd., and we eagerly anticipate the realization of this project," said Yerzhan Yelekeyev, Chairman of the Board of JSC "NC "KAZAKH INVEST."
"We are entering this project with great enthusiasm, seeing the enormous potential of Kazakhstan as a key logistics hub in the region. The creation of the Kazakhstan-China Trade and Industrial Park in Astana will significantly expand the country's logistics capabilities and strengthen its role as an important transit corridor between East and West. We believe that this project will serve as a catalyst for attracting new trade flows and manufacturing, creating solid conditions for long-term and mutually beneficial economic cooperation between our countries," emphasized Yan Wang, Deputy Mayor of Baiyang.
