Kazakhstan, China Unveil $280M Investment Drive in West Region

West Kazakhstan has embarked on the development of 14 large-scale investment projects in cooperation with Chinese entrepreneurs, aligning with strategic priorities outlined by President Kassym-Jomart Tokayev.

The move follows President Tokayev’s recent meeting with Chinese President Xi Jinping, during which he underscored China’s position as Kazakhstan’s largest trading partner and highlighted the growing number of “joint large-scale projects” between the two nations, The Caspian Post informs via Kazakh media.

As part of the latest initiative, Chinese investors are expected to channel over 134 billion tenge (approximately $280 million) into key sectors including energy, agriculture, and healthcare. Several agreements have already been signed, and construction on two major facilities is set to begin shortly.

Among the flagship developments is a 34 MW gas-fired power plant planned for the regional industrial zone. The facility is designed to provide a stable electricity supply for future manufacturing operations. Construction will also begin on an oil catalyst recycling plant, bolstering the region’s expanding petrochemical industry.

A delegation led by Nariman Turegaliyev, Governor of West Kazakhstan Region, took part in a ceremonial send-off for the first containers of industrial equipment being shipped to Kazakhstan-marking a new phase in industrial collaboration with China.

A unified consortium of Kazakh and Chinese companies will oversee the rollout of all 14 projects, which cover a wide range of sectors, including energy, agrotechnology, oil refining, construction, and healthcare.

During a working visit to Shandong province, the Kazakh delegation toured several advanced industrial complexes to explore modern technologies. One of the key partners, VEGA Power, has committed an initial investment of $30 million. The company has already dispatched five containers of equipment, and the future plant is expected to produce over 10 types of industrial products.

At a meeting with investors, Governor Turegaliyev emphasized several key expectations: companies must be registered in the West Kazakhstan Region, pay taxes locally, prioritize hiring local workers, and fund the education and training of local specialists.

The delegation also visited the iKang Guobin Checkup Center, a leading healthcare facility in China, to assess innovative medical technologies and practices that could be adapted to improve the regional healthcare system.

The visit and negotiations were conducted with the support of the Kazakh Embassy in China. Notably, West Kazakhstan ranked third nationwide in terms of foreign direct investment (FDI) in the first half of 2025-demonstrating its growing attractiveness to international investors.