Kazakhstan and China signed more than 70 agreements worth over $15 billion

During the working visit of the President of Kazakhstan, Kassym-Jomart Tokayev, to Shanghai, more than 70 commercial agreements were signed with a total value exceeding $15 billion. The documents cover artificial intelligence, digitalization, transport infrastructure, machinery, finance, the agro-industrial complex, and other high-tech industries.

A significant portion of the projects involves the Samruk-Kazyna Group of Companies. According to the fund, the group's companies signed 19 agreements with Chinese partners for a total amount of $4.29 billion. They provide for cooperation in the fields of digitalization, energy, transport, telecommunications, and industry.

Among the key technological agreements is a contract between Samruk-Kazyna and Huawei Technologies for the acquisition of technological solutions and equipment, as well as an agreement between Kazakhtelecom and Hengtong Group on the development of the "Data Center Valley" project.

In addition, Samruk-Kazyna, Freedom Holding Corp., the Akimat of Astana, and Geely Auto Group signed a memorandum on the development of infrastructure for electric vehicles and the implementation of artificial intelligence technologies in the automotive industry of Kazakhstan.

As part of the Kazakhstan-China round table, agreements were also signed for the second stage of the Aqyl Energy project, the localization of intelligent water metering devices, cooperation between KTZ, TransTeleCom, and Huawei, as well as the creation of digital agri-hubs jointly with SPSI Cloud Port Development Group.

Other agreements include strategic partnership between the Ministry of Artificial Intelligence and Digital Development of Kazakhstan and Huawei Technologies, the launch of Li Auto car production in Kazakhstan, the localization of OMODA and JAECOO production, as well as projects in the field of robotics, artificial intelligence, and scientific cooperation.

The signed documents are aimed at attracting investments, developing digital infrastructure, and expanding technological cooperation between Kazakhstan and China.

Source: sk.kz