Xinfa Group Plans $15 Billion Investment in New Industrial Park in Pavlodar Region
Photo: Invest.gov.kz
The Chinese corporation Xinfa Group plans to invest about $15 billion in the launch of a new industrial park in Kazakhstan’s Pavlodar region, Orda.kz reports.
The project will feature full-cycle production — from mining and processing to the manufacturing of finished products.
The national company Kazakh Invest announced the agreement with the Chinese corporation on April 29, following a meeting between its Chair of the Board, Yerzhan Yelekeyev, and representatives of Xinfa Group.
The project, to be implemented in the Pavlodar region, includes the creation of enterprises for the extraction of minerals (coal, bauxite, copper, limestone, and fluorite), the construction of metallurgical production facilities, the development of energy infrastructure, and the launch of plants for the production of soda, carbon materials, and building structures.
The total area of the industrial park is expected to exceed 3,000 hectares. The project is expected to create 10,000 jobs for Kazakhstanis. Xinfa Group has already conducted a preliminary analysis of the region’s resource base and has highly evaluated the potential of the deposits in Pavlodar.
Xinfa Group is a major Chinese conglomerate with a focus on energy and metals. Its activities include the production of aluminum, building materials, chemical products, and coal mining.
Original Author: Nikita Drobny
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