Baku, Azerbaijan, Dec. 11
By Ali Mustafayev – Trend:
The delegation of the international business association from the Chinese Shenzhen city visited Kazakhstan’s Aktobe region. The visit resulted with a memorandum of cooperation, signed between the executive body (akimat) of the region and the international association.
The main purpose of the arrival of Chinese businessmen in the Aktobe region is to get acquainted with local investment potential, mineral deposits, Kazakh media reported.
The Chinese delegation visited the Ardagum farm and the Velikhov iron ore deposit within its visit. The representatives of the two countries held a more extended meeting in the regional akimat, where the investors became familiar with opportunities to develop nickel and iron ore deposits.
According to the chairman of the international association Chen Baodong, the association includes 100 largest companies of China, mainly involved in mining and processing of minerals.
The Shenzhen city with 20 million people is also known as the Silicon Valley of Asia, where the most advanced technologies are used. Chinese investors have expressed an interest in a long-term partnership with the Aktobe region for the development of its deposits.
Head of the region Rakhat Sydykov stressed that the region is interested in attracting investments, which will create additional jobs and an influx of people into the Kargalinsky district.
After signing the memorandum, the investors noted that a special analytical group of the association will work to make a specific investment decision on a basis of collected materials and analyzed production costs.