China’s Silk Road Fund is Ready to Invest in Kazakhstan
The delegation of the Chinese Silk Road Fund headed by the President of the Fund Cai Xuejun arrived in Astana. As part of the visit, the management of the company held a meeting with the Chairman of the Management Board of "NC "KAZAKH INVEST" JSC Meirzhan Yussupov. At the meeting, the parties have discussed the possibility of investing in Kazakhstani projects in a number of industries with the participation of Chinese companies, including within the framework of the One Belt One Road initiative.
The Silk Road Fund is a Chinese investment fund that specializes in large investments in infrastructure projects in countries along the New Silk Road and the Maritime Silk Road to promote sales of Chinese products. The total capitalization of the fund exceeds $40 billion.
The President of the Fund Cai Xuejun noted that Kazakhstani-Chinese co-operation in the development of transport routes is strategically important for both sides. He expressed readiness to provide financing for the implementation of infrastructure projects in Kazakhstan to develop the trade potential of the two countries.
The Chairman of the Management Board of "NC "KAZAKH INVEST" JSC Meirzhan Yussupov pointed out that Kazakhstan and China are actively developing a comprehensive strategic partnership, strengthening good-neighbourly relations. According to him, the implementation of projects in the transport and logistics sector will allow the two countries to significantly accelerate the delivery of goods to the markets of the CIS countries and the European Union. In conclusion, he presented to the delegation the projects that are planned to be implemented in the near future and may be of interest to potential investors.
Both sides have also discussed the prospects for joint investment in other industries such as energy, technology, and manufacturing for the further development of the economic cooperation between China and Kazakhstan.