China is planning to construct a 230-million-dollar facility including a feed-milling plant in the northernmost district of Kazakhstan.
China’s Tielin Logistics Co plans to build and industrial complex worth 230 million dollars in Kyzylzhar district, the northernmost district of Kazakhstan. According to a report published in KazInform news agency, China’s investors intend to launch manufacturing of bearing parts, cellulose, a feed-milling plant, wheat processing, and a battery vehicle production line. The company also plans to lay a 4 km-long railroad track and build a power plant. 1,650 new workplaces will be created at all facilities at large, the press service of the public service affairs and anti-corruption department said.
Chinese investors became the first to visit the Protecting Business and Investments project office. The office was opened pursuant to the Kazakh President’s tasks set at the 31st sitting of the First Investors’ Council.
Kazakhstan is at the southern border of China with a population of 18 million. Two countries carry out around $8 billion of trade per year with each other. China is the second important trading partner of the Central Asian country both in exports and imports.
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