ASTANA (TDI), February 18th (www.thediplomaticinsight.com) – – China’s East Hope Group (EHG), a global leader in aluminum and silicon production, plans to invest over $12 billion in a large-scale non-ferrous metals production and processing project in Kazakhstan.
The project was discussed last week during a meeting between Yerzhan Yelekeyev, Chairman of the Board of Kazakh Invest, and Changjun Meng, General Director of EHG.
According to Kazakh Invest, EHG intends to establish a large industrial park in Kazakhstan, incorporating advanced technologies in non-ferrous metallurgy.
The facility will focus on deep metal processing and the production of finished goods for export to the European Union (EU), Central Asia, and China.
The project is likely to create up to 10,000 jobs at different stages of implementation.
Changjun Meng said that EHG has already registered a subsidiary in Kazakhstan, which will serve as the project’s main operational center.
The company has completed preliminary geodetic and hydrogeological studies of land plots across several regions and plans to start a detailed site assessment in the near future.
Yelekeyev vowed comprehensive government support for the investment project, stressing its significance for Kazakhstan’s industrial sector.
“Attracting major strategic investors like East Hope Group creates new opportunities for Kazakhstan,” Yelekeyev said.
“We see this project not only as a large investment but also as a way to introduce modern technologies, create new jobs, and localize production. It will strengthen the country’s position in the international non-ferrous metals supply chain and considerably expand finished product exports.”
EHG has expressed its readiness to ink an investment framework deal with Kazakhstan’s Ministry of Foreign Affairs and the Ministry of Industry and Construction, taking a major step forward in the project’s development.
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CGTN