Kazakhstan, Chinese companies sign deals worth over $15B

More than 70 commercial agreements worth over $15 billion were signed with Chinese companies during Kazakh President Kassym-Jomart Tokayev's working visit to Shanghai, Report's Kazakhstan bureau informs, citing Akorda, the Kazakh presidential press service.

The agreements cover artificial intelligence and digitalization, transport infrastructure, finance, agriculture, mechanical engineering and other high-tech sectors.

In particular, the sides agreed on Kazakhstan's strategic partnership with Huawei, the production of Li Auto, OMODA and JAECOO cars in Kazakhstan, and the development of electric vehicle infrastructure, artificial intelligence and robotics.

Agreements were also signed on the construction of the first phase of a multifunctional terminal at the port of Kuryk, the creation of a Data Center Valley, the development of a Kazakhstan-China international logistics corridor and the implementation of major industrial projects.

The signed documents include an agreement on the purchase of technological solutions and equipment between Samruk-Kazyna JSC and Huawei Technologies, an agreement on services for issuers of offshore bonds in the free trade zone between the Development Bank of Kazakhstan JSC and China Central Depository & Clearing Co., and a strategic cooperation agreement between Qazbot Technologies and Agibot PTE.