Chinese JUNHAO Plans Major Investments in Kazakhstan
The Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, Gabidulla Ospankulov, met with Shi Jingyu, Chairman of Shenzhen Junhao Group, at the offices of JSC "NC KAZAKH INVEST". The discussions focused on cooperation prospects, including the implementation of large-scale investment projects in Kazakhstan.
Shi Jingyu presented JUNHAO’s Central Asia Investment Plan, which includes the development of commercial real estate, the hospitality industry, an industrial technology park, and other key sectors. The total investment volume is estimated at $5 billion, with project implementation expected to create several thousand new jobs.
JUNHAO is considering the construction of a multi-functional commercial complex. Additionally, the company is exploring the possibility of developing three five-star hotels with a total of 2,000 rooms, a modern entertainment center, and a luxury retail complex featuring high-end brands.
During the meeting, the parties discussed potential forms of collaboration, including partnerships with Kazakhstani businesses and government institutions.
Gabidulla Ospankulov emphasized that Kazakhstan is keen to attract major foreign investors who are not only interested in business development in the country but also in introducing cutting-edge technologies and creating new jobs.
JUNHAO has successfully implemented projects in Hong Kong, London, Shenzhen, and other cities, and Kazakhstan is being considered as a promising market for business expansion. The parties agreed to continue negotiations and further elaborate on the terms of cooperation.
For Reference:
JUNHAO Group, founded in 2010 in Shenzhen, is a major multi-industry corporation with total assets valued at 40 billion yuan. The company specializes in real estate development, construction, commercial hospitality, and international trade.
