Businessmen of western province of China intend to invest in metropolitan projects

A large business delegation from the province of Ningxia of People's Republic of China visited the Metropolitan Chamber of Entrepreneurs. The delegation included the heads of 15 leading companies engaged in the production of cashmere, construction and carbon materials, packaging, design works, as well as in the field of culture and information technology.

"Each year the interst of Chinese enterprises to cooperate with Kazakh companies grows, and for this purpose the Governments of our countries creates favorable conditions for joint projects, business development and strengthening of trade and economic relations", - said Head of the Department of Commerce of Ningxia - Hui Autonomous Region Tzuo Tsinuy, addressing the representatives of the Metropolitan Chamber of Entrepreneurs. The province of Ningxia is the Dungan Autonomous Region, so a third of its population is Muslim. In total, the region is inhabited by 600 thousand people, the volume of gross domestic product exceeds 27 million yuan. The region is located in the west of China and is the only autonomous region. The economy of the province is developing dynamically, where the emphasis is put on the development of the industrial and energy sectors, as well as coal production.

In development of infrastructure and equipment, the region takes one of the dominant places. Considerable attention is paid to the development of industry and agriculture. The region is famous for its well-known agricultural products such as lamb, goji berries, as well as the varieties of fruit and vegetables. All this wealth is due to good geographical location, say the Chinese. As 300 kilometers away from the province runs the river Khuan Khe which Chinese citizens call "mother -river" And, of course, it should be noted that the tourism industry dynamically develops in the region, which is developing at a rate of 20% per year. Historically, the province was built by the representatives of different nationalities, which, of course, reflected in ethno-cultural development of the industry. Within the program of revival of the "Silk Road", the region takes one of the important points in the program. The business community of Ningxia successfully hosted three Chinese International Economic Forums, which were attended by more than 50 participating countries, and more than 10-thousand visitors.

But the main feature of the region is actively cooperation with the Muslim countries, according to representatives of the delegation. Today, the business community of the region actively cooperates with the Arab countries. During the years of cooperation, we have realized that we have a lot in common with the Muslim countries, which made it possible to establish effective and mutually beneficial business, say entrepreneurs. This factor has become a key promise to our visit to Astana, said the head of the delegation.

In turn, Metropolitan Chamber of entrpreneurs widely informed the delegation about the economic opportunities of the capital. "We are ready to enhance cooperation and to develop joint breakthrough projects. We could start supplying products of Kazakh producers to China, and to promote the Chinese producers. I am confident that our cooperation will be dynamic in different directions, which will learn from the experience of successful entrepreneurs of your region ", - said the director of the Chamber of entrepreneurs of Astana Ghani Tasmaganbetov.

In the course of business negotiations the head of the Metropolitan Chamber also spoke about the economic opportunities of the capital and about the specifics of the business climate in the main city of the country. It was announced that currently the gross regional product of the city is about 4 trillion tenge. The city is developing dynamically, and by 2020 GRP will grow to 8 trillion tenge with increase by half. If 40% of the economy of Astana is the service sector, 25% is trade, 20% - construction and operations related to real estate and 4% - manufacturing industry. Talking about the special economic zone of Astana, the head of the Chamber informed the Chinese colleagues about the activities of the industrial park #1, on the territory of which foreign investors are given all kinds of preferences, including tax and customs privileges. Currently, the park is almost filled by enterprises, but there are small areas where you can set up production. Currently we are developing a second industrial park with the involvement of the Singapore company.

The Kazakh side also announced information about the upcoming international exhibition "Expo-2017 Energy of Future". Chinese colleague were told that after the exhibition on an area of ​​30 hectares, it is planned to create an international financial center, which will be provide all sorts of benefits for capital by analogy with the Dubai Financial Centre.

Following the meeting, the sides exchanged business contacts and presentation of information for in-depth study of the capacity of the two sides. Its worth noting that to the Chinese companies have shown great interest in cooperation with the business community of Kazakhstan. Among them there are companies ready to invest in the construction of bus stations and car parks in the capital. The Chinese are also considering the construction of an industrial park with total area of ​​100 hectares with an investment of 30 million dollars.