Chinese company to invest in construction sector of Kazakhstan's Turkistan
Baku, Azerbaijan, Jan. 29
By Rashid Shirinov – Trend:
Head of the Turkistan region of Kazakhstan Zhanseit Tuymenbayev has met with the Deputy Director of the Chinese branch of Henan Province Installation Group Co Ltd in Kazakhstan, Trend reports referring to the press service of the region’s administration.
During the meeting, the parties discussed the construction of a number of facilities in the city of Turkistan. In particular, representatives of the company expressed their readiness to implement new joint projects and said they intend to invest 51 billion tenge in the construction sector.
Tuymenbayev, in turn, noted that Kazakhstan provides investors with preferences and benefits, and also proposed to build a residential complex in the administrative and business center of the city.
At the end of the meeting, the region’s administration and the Chinese company signed a memorandum, which will create a basis for the development of close commercial ties, increasing bilateral investment and technology transfer, and for the implementation of joint investment projects in the Turkistan region.
(378.6 KZT = 1 USD on Jan. 29)
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