According to media reports, Kazakhstan and China are planning to build a steel plant in southern Kazakhstan with a total investment of $1.2 billion and an annual capacity of up to three million tons. The project is expected to be implemented with the participation of Chinese investor Fujian Hengwang Investment Co., Ltd.
The plan reflects deepening economic ties between the two countries and highlights Kazakhstan's efforts to attract foreign investment in its industrial sector.
The planned facility will be built in southern Kazakhstan, although exact details of the site have not been fully disclosed in available reports. The region is increasingly focused on industrial development due to its strategic location and access to transport routes.
The project aims to expand steel production capacity
According to reports, the plant will focus on steel production, contributing to domestic steel production in Kazakhstan and reducing dependence on imports.
The investment is also expected to have an impact support downstream industries by ensuring a more stable supply of steel products within the country.
The project is expected to:
- Create new jobs
- Strengthen Kazakhstan's industrial base
- Strengthen bilateral economic cooperation
- Part of a broader regional industrial strategy
The planned steel plant is in line with the wider
