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Kazakhstan, China explore $15 billion industrial park deal
Photo credit: The Astana Times

Kazakhstan is exploring the creation of a $15 billion industrial park, as First Deputy Prime Minister Roman Sklyar met with Zhao Tingyun, vice chairman of China’s Xinfa Group, on January 8 to discuss investment opportunities and the practical details of the project.

The talks focused on plans to build a modern, full-cycle industrial park in the Pavlodar Region, aimed at deep processing of raw materials and the production of high value-added industrial goods, reported the Prime Minister’s press service, News.Az reports, citing foreign media.

Deep processing and high value-added production

According to the project concept, the proposed industrial park would cover more than 3,000 hectares and focus on advanced processing of Kazakhstan’s natural resources, including coal, bauxite, copper, fluorite, and limestone. Plans include constructing metallurgical facilities to produce alumina, aluminum, and copper, as well as developing energy infrastructure, including renewable energy sources.

The project also envisions launching production facilities for soda ash, carbon materials, and eco-friendly construction solutions. If implemented, the industrial park is expected to create more than 10,000 jobs and significantly strengthen Kazakhstan’s industrial base.

Zhao noted that Xinfa Group has already conducted a preliminary assessment of Kazakhstan’s resource potential, including bauxite, coal, and copper deposits, and expressed confidence in their suitability for building deep-processing value chains and manufacturing high value-added products.

Government support for strategic investments

Sklyar noted that Kazakhstan views industrial modernization, attracting strategic investors, and developing a technology-driven industry as key priorities of state economic policy.

He noted that the government has established a stable legal and institutional framework to support major investment projects, including mechanisms for long-term partnerships with international industrial groups. These conditions, he said, are designed to ensure predictability, transparency, and effective project implementation for large-scale investors.

Following the meeting, both sides confirmed their mutual interest in further developing the project, expanding industrial cooperation, and strengthening long-term investment ties. Officials emphasized that continued dialogue and technical consultations will be key to moving the initiative toward implementation.


News.Az 

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