Kazakhstan and China partner to develop trade and industrial park in Astana
Kazakhstan and China partner to develop trade and industrial park in Astana
Kazakh Invest and Chinese company Xinjiang Hengyuan Investment Management have signed a Memorandum of Understanding (MoU) on August 23 to develop a major Kazakhstan-China trade and industrial park in Astana. The project is set to be constructed on a 50-hectare site.
Photo credit / Kazakh Invest
Xinjiang Hengyuan Investment Management based in Baiyang, China brings considerable expertise in the construction and management of industrial parks. The company's extensive experience in developing large-scale trade and industrial zones positions it well for this project in Astana.
"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 and we eagerly anticipate the realization of this project," - Yerzhan Yelekeyev, Chairman of the Board of Kazakh Invest
The planned trade and industrial park is expected to drive growth in several key sectors of Kazakhstan's economy, including logistics, warehousing, processing, trade, commercial services and real estate management. The initiative will also serve as a catalyst for attracting Chinese trade and manufacturing companies to Kazakhstan.
"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.
Xinjiang Hengyuan Investment Management specializes in large-scale projects within the construction sector and has a strong track record in industrial park management and the development of trade and industrial zones.
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