BAKU, Azerbaijan, July 16. Kazakhstan and China
have signed over 70 commercial agreements totaling more than $15
billion during a high-level roundtable.
This was announced by the press service of the Kazakh president,
following President Kassym-Jomart Tokayev's meeting with
representatives of the Chinese business community in Shanghai.
The signed documents span key high-technology and industrial
sectors, including artificial intelligence, digital infrastructure,
transportation, finance, agriculture, and mechanical
engineering.
Among the primary initiatives finalized during the bilateral
exchange, the Ministry of Artificial Intelligence and Digital
Development of Kazakhstan partnered with Huawei Technologies on a
strategic agreement, complemented by a technology and equipment
acquisition deal signed between the Samruk-Kazyna Sovereign Wealth
Fund and Huawei.
In the automotive and transport sectors, Samruk-Kazyna, Freedom
Holding Corp, the Akimat (municipal administration) of Astana, and
Geely Auto Group signed a memorandum of understanding to develop
electric vehicle infrastructure and integrate AI into the
automotive industry. Additionally, Allur Group signed a
manufacturing agreement with Li Auto Inc., while Astana Group and
Chery Holding Group finalized a technical licensing agreement to
produce OMODA and JAECOO vehicles at the Astana Motors
Manufacturing Kazakhstan plant.
On logistics and trade infrastructure, the Ministry of
Transport, the Akimat of Mangystau Region, and Kazakhstan Guoyou
Investment concluded an investment agreement for the construction
of the first-phase multifunctional terminal at Kuryk Port.
Meanwhile, Harvest Group and Minmetals Logistics Group agreed on
exclusive cooperation for the Kazakhstan-China International
Logistics Corridor, focusing on the "Khorgos – Eastern Gate" dry
port area.
Financial and heavy industry sectors also registered major
transactions, with the Development Bank of Kazakhstan (DBK) signing
an agreement with China Central Depository & Clearing Co., Ltd. for
services to offshore bond issuers. In manufacturing, DBK, Qarmet,
and Acre Coking & Refractory Engineering Consulting Corporation
signed a long-term strategic cooperation agreement to construct
coke oven batteries No. 8 and No. 9 alongside a coke oven gas
treatment system.
"During the working visit of the Head of State to Shanghai, more
than 70 commercial agreements worth over $15 billion were signed,"
the press service highlights.
