Chinese Firm Eyes Agricultural Investment in North Kazakhstan

Beijing Guancheng Shenghua Investment, a Chinese corporation, is exploring an agricultural investment project in Kazakhstan’s North Kazakhstan region, Orda.kz reports.

Akim of the region, Gauez Nurmukhambetov, met with company chair Ma Yonghu to discuss potential collaboration. Talks focused on the possible construction of a grain elevator and a feed mill.

The company from China specializes in industrial, residential, and agricultural development. Representatives expressed confirmed interest in pursuing a project in the region, the Akimat stated.

This initiative adds to a growing list of large-scale Chinese investments in Kazakhstan. In June, China’s Fufeng Group announced an $800 million deep corn processing plant in the Jambyl region, with plans to export feed additives to Europe, the Middle East, and North Africa.

Separately, Shandong Energy Group Co. is preparing to build a coal-to-gas chemical plant in the Qaraganda region, with a projected annual output of up to 2 billion cubic meters of gas.

The project is expected to create 1,500 jobs and boost both technological development and Kazakhstan’s export capacity.

Original Author: Ruslan Loginov