On the sidelines of the Kazakhstan-China Investment Forum, President Kassym-Jomart Tokayev held a series of meetings with representatives of Chinese business. The Head of State met with Chairman of Sunwah Group and Chairman of the Chinese General Chamber of Commerce in Hong Kong, Cai Guansheng. During the meeting, it was proposed that the investment forum be held annually in Almaty, with the chamber of commerce serving as one of the platform’s key partners. Cai supported the proposed initiatives and emphasized Chinese businesses’ interest in joint projects in artificial intelligence, finance, and the development of Alatau City.
«With our own company, I already said that we have signed MOU with Sturgeon Capital. Initially, we are putting $100 million rom our side. The $100 million is first stage. At the end of the day, we hope we can build one billion U.S. dollar fund. We’re investing in oil and gas, mining, and many, many more things. We hope that the fund will be listed in Hong Kong and then registered in AIFC,» Cai said.
President Tokayev discussed prospects for developing cooperation between Kazakhstan and China during a meeting with the heads of four Chinese companies. VNET Group expressed interest in creating a major data center and AI infrastructure cluster. In the nuclear energy sector, discussions with Shanghai Junhe Atomic Technology covered the production of nuclear fuel and the assembly of small modular reactors. The development of cooperation in the oil and gas sector was discussed with Hong Kong Sino-Science Oil and Gas. Opportunities in the financial sector were explored with the management of Silk Road Finance Corporation.
Specialists for Fufeng Group’s new facility are set to be trained in collaboration with Kazakh universities. It is also proposed to establish a research center at the production site with the involvement of domestic research institutes. President Tokayev discussed these issues with Fufeng Group Chairman Li Xuechun and congratulated him on the launch of a large-scale investment project for deep corn processing in the Zhambyl region.
The Head of State discussed the prospects for developing the Kolzhat deposit in the Almaty region with Xinfa Group President Zhang Guichun. According to President Tokayev, its development should involve the creation of an industrial value chain, including the production of semi-coke, hydrogen, synthesis gas and high-quality petroleum products. The two sides also discussed ways to deepen cooperation in critical materials.
In October, Kazakhstan will launch a joint project with Pinduoduo. This was announced during a meeting between President Tokayev and representatives of Pinduoduo and YTO Express. Particular attention was paid to the project to establish the Almaty SkyHub transport and logistics hub, which will enable faster processing of goods destined for the markets of the EU, EAEU and Central Asia.
China’s UBTECH Robotics plans to open a plant in Almaty producing educational and service robots. The Head of State discussed these plans with the company’s Senior Vice President, Zhong Yong. The two sides also discussed the establishment of a center of excellence and the training of specialists in collaboration with technical universities and colleges.
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