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Astana, Kazakhstan • 24 July 2023

China's Silk Road Fund Ready to Invest in Infrastructure Projects in Kazakhstan

The total capitalization of the fund exceeds $40 billion

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Chinese Silk Road Fund and NC KAZAKH INVEST JSC held a meeting in Astana, where the parties discussed the possibility of investing in Kazakhstani projects in various industries with the participation of Chinese companies, including within the framework of the One Belt One Road initiative, QazMonitor reports citing the press service of the national company.

The Silk Road Fund is a Chinese investment fund specializing in large investments into infrastructure projects in countries along the New Silk Road and the Maritime Silk Road to promote sales of Chinese products. The total capitalization of the fund exceeds $40 billion.

The President of the Fund Cai Xuejun noted that Kazakh-Chinese cooperation in the development of transport routes is strategically important for both sides. He expressed readiness to provide financing for the implementation of infrastructure projects in Kazakhstan to develop the trade potential of the two countries.

The Chairman of the Management Board of NC KAZAKH INVEST JSC Meirzhan Yussupov pointed out that Kazakhstan and China are actively developing a comprehensive strategic partnership, strengthening good-neighborly relations. According to him, implementing projects in the transport and logistics sectors will allow the two countries to significantly accelerate the delivery of goods to the markets of the CIS countries and the European Union. In conclusion, Yussupov presented the upcoming projects that may interest potential investors.

The parties also discussed the prospects for joint investment in energy, technology, and manufacturing industries to strengthen economic cooperation between the countries.

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