China and Kazakhstan to Sign 60 Agreements Worth $25 Billion at Forum
Key Ideas
- Kazakhstan and China are set to sign 60 agreements worth $25 billion, including a project for the development of green hydrogen.
- High-level officials from both countries will be attending the signing ceremony.
- The focus on hydrogen technology development reflects global attention from countries like China, Japan, South Korea, the US, Germany, and Saudi Arabia.
- The article highlights the growing cooperation between Kazakhstan and China in various sectors over the past year.
The II Industrial and Investment Cooperation Forum China – Central Asia has commenced in Kazakhstan's capital, Nur-Sultan, with plans for Kazakhstan and China to sign around 60 agreements totaling $25 billion. Madiyar Sultanbek, Deputy Chairman of the Board of Kazakh Invest NC JSC, revealed that these agreements will encompass various sectors and include projects related to green hydrogen development. Notably, the forum will witness the signing of multiple memoranda of cooperation, investment agreements, and other significant documents. 1st Deputy Prime Minister Roman Sklyar is scheduled to be present at the signing ceremony, signifying the high-level participation from both countries. The article also mentions a notable agreement between Kazakhstan and China's Seraphim company focused on advancing green hydrogen technology. It emphasizes the global interest in hydrogen technology, noting the attention given by countries such as China, Japan, South Korea, the US, Germany, and Saudi Arabia. Furthermore, the piece touches on the evolution of cooperation between Kazakhstan and China over the past year, indicating a positive trend in their bilateral relations.