中文版日本語

Home

News

Business

Culture

Shanghai

Home > Business

China's investment key to Kazakhstan development
From:Belt and Road Portal  |  2017-08-22 14:57

China is listed as one of the 11 countries which Kazakhstan regards as its priority investment sources in a five-year national investment strategy issued by the Kazakhstan government recently.

The largest Central-Asian country aims to attract foreign direct investment in the export-oriented non-energy fields from 2018 to 2022, to stabilize economic growth.

The Kazakhstan government said it will offer various kinds of favorable policies and create the necessary conditions for investment from its priority FDI source countries, including China.

It is believed that investing in Kazakhstan will become more convenient and efficient. Kazakhstan is China's largest trade partner in Central Asia, and China's largest investment destination on the Belt and Road routes.

FDI from China has so far financed several projects in Kazakhstan including an electrolytic aluminum factory, a copper mineral dressing plant, a steel tube factory, an asphalt plant, an agricultural industrial park, an auto factory, as well as telecommunication companies and financial agencies.

The two countries are engaged in 51 industrial cooperation projects worth more than $26 billion under the framework of the Belt and Road Initiative, most of which are non-energy projects.