Construction of Kazakh-Chinese investment projects will be carried out in accordance with the legislation of Kazakhstan
During the period of Kazakhstan’s independence, the country attracted over $330 billion of foreign investments from more than 120 countries. Of these, the People's Republic of China accounts for about 5%.
In accordance with the Intergovernmental Framework Agreement on strengthening cooperation in the fields of industrialization and investment between the Republic of Kazakhstan and the PRC signed at a high political level in 2015, 55 joint Kazakh-Chinese projects worth $27.6 billion are being implemented in Kazakhstan. The projects cover various industries, such as metallurgy, oil and gas processing, chemistry, machine building, energy, transportation, production of building materials and agribusiness.
It should be noted that from 2015 to date, 15 projects worth $3,957 million are launched, 11 projects worth $3,774 million are being implemented, the remaining 29 projects are under consideration.
Implementation of the Kazakh-Chinese programme of industrial and investment cooperation will result in establishment of competitive high-tech and export-oriented enterprises. The projects will create about 20 thousand new permanent jobs, whereby over 90% of employees will be the citizens of Kazakhstan.
The final products will be cars, oil and gas equipment, steel pipes, special alloys, primary aluminum, soda ash, polypropylene, rapeseed oil and meat products. Additionally, projects will be implemented in the fields, such as energy, construction, light industry and infrastructure development.
All projects implemented in various regions of the country use modern technologies. Construction is carried out in accordance with the legislation of the Republic of Kazakhstan, including getting all the permits and approvals related to product safety, environmental and other standards. All projects, without exception, must receive a positive conclusion from the state examination, upon which construction of production facilities will be allowed.