Kazakhstan Chamber of Commerce in the USA

KazCham


Kazakhstan and China to build production facilities worth $26 billion

Posted on September 20, 2016 by KazCham

Centil Law Firm BI@centil.law

On 5 September, the Kazakh President Nursultan Nazarbayev attended a briefing on the results of his visit to China, where he took part in the G20 summit in Hangzhou. There, he stated that the two countries have made agreements regarding both the exportation of Kazakh food to China and the construction of joint production facilities.

For the first time ever, Astana and Beijing have agreed that Kazakh flour, grain, beans, oil-bearing crops, meat and poultry will be exported to China.

“The list includes 51 facilities, two of which have already been constructed. The construction of four facilities worth a total of $2.5 billion will be completed this year. During five years it is planned to build enterprises for a total of $26 billion,” said Nazarbayev.

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