Kazakhstan's Samruk-Kazyna, China's CITIC discuss cooperation expansion issues

Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna, has met with Zhang Wenyu, Vice Chairman of the Board of Directors of CITIC Group on Monday, Qazinform News Agency learned from the Fund’s press service.

Kazakhstan's Samruk-Kazyna, China's CITIC discuss cooperation expansion issues
Photo credit: Samruk-Kazyna

The parties discussed expanding cooperation and launching joint projects.

Earlier, the modernized Caspi Bitum plant -  implemented by KazMunayGas in partnership with CITIC Group - was launched ahead of schedule.

The heads of Samruk-Kazyna and CITIC Group serve as co-chairs of the Kazakhstan-China Business Council, which has been operating successfully since 2013.

CITIC Group is a major state-owned conglomerate with businesses spanning financial services, banking, insurance, and investments in industry, construction, energy, transport, and telecommunications.

Earlier, it was reported that Samruk-Energy, China Energy International Group had discussed joint projects in renewable energy sources

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