BAKU, Azerbaijan, September 25. Kazakhstan
President Kassym-Jomart Tokayev discussed cooperation in energy,
digitalization and finance with executives of Hong Kong
Sino-Science Oil and Gas, VNET Group, Shanghai Junhe Atomic
Technology and Silk Road Finance Corporation during meetings in
Almaty today.


According to the press service of the Kazakh president, the
meetings took place on the sidelines of the Kazakhstan-China
Investment Forum. During the meetings, the parties discussed
prospects for jointly implementing projects in energy,
digitalization and finance.


Tokayev said the comprehensive strategic partnership between
Kazakhstan and China is developing at an unprecedented pace,
stressing the importance of giving it deeper technological and
industrial content.


According to the president, the participation of leading Chinese
companies demonstrates a high level of confidence in
Kazakhstan.


Tokayev separately thanked Yin Taiwan and the company he heads,
Hong Kong Sino-Science Oil and Gas, for their contribution to
organizing the Kazakhstan-China Investment Forum.


The president noted that Hong Kong Sino-Science Oil and Gas has
invested more than $3 billion in Kazakhstan over the years and has
become one of the major participants in the oil and gas sector.


During the meeting, Sheng Chen, executive chairman of VNET
Group, expressed interest in participating in the creation of a
large-scale data center cluster and artificial intelligence
infrastructure.







Tokayev confirmed Kazakhstan’s readiness to work closely with
the company in such areas as attracting investment, technology
localization, joint research, talent development and the
establishment of centers of excellence.


The peaceful use of nuclear energy was identified as a promising
area of technological cooperation with Shanghai Junhe Atomic
Technology.


The parties stressed the importance of creating a complete
production cycle, from natural uranium processing and nuclear fuel
production to the assembly of small modular reactors.


The executives of the Chinese companies highly assessed
Kazakhstan’s consistent steps to improve its investment climate, as
well as the institutional reforms being carried out in the country.
They viewed the improvement of state institutions as an important
indication of the country’s long-term stability.


The representatives of the Chinese companies confirmed their
readiness to increase investment both in the traditional energy
sector and in new industries and projects aimed at Kazakhstan’s
development.