According to the Kazakh Invest press service, Xu Xiang, Director of the Administrative Department of Qingdao Port International Container Development, revealed that China’s Qingdao international port is prepared to export Kazakh goods to the nations of the Asia-Pacific region, the Astana Times reports.
This was stated during a meeting with the Kazakh Invest National Company on November 4 in Astana.
The Qingdao port, which is situated on the Yellow Sea’s coast, is the fourth-largest cargo port in the world.
Zhandos Temirgali, the deputy chairman of the Kazakh Invest Management Board, claims that relations between Kazakhstan and China are improving as they continue to forge a strategic alliance. One of the top priorities for luring investments is implementing projects in the agro-industrial segment, renewable energy sources, and metallurgy.
Temirgali stated that building the Trans-Caspian international transport route connecting the two largest markets in Eurasia—China and the European Union—is a top priority objective for Kazakhstan. Developing ties with such a significant port offers the chance to increase the geographic reach of deliveries of Kazakh goods.
The Qingdao Conson Development investment company indicated at the meeting that it was interested in carrying out projects involving the development of infrastructural facilities, an agro-industrial complex, financing, etc. The Qingdao Huatong Group engages in logistics, trade, bilateral investment, and tourism as part of China’s Belt and Road Initiative. The prospect of conducting a project to manufacture cable products in Kazakhstan was discussed at the Qingdao Hanhe Cable.
