China will build in southern Kazakhstan metallurgical plant worth $800 million

Almaty. March 6. Silkroadnews - China will build in Kyzyl-Orda region, Kazakhstan Metallurgical Plant worth $800 million, reported the press service of the regional akimat.
As explained, this project will be implemented within the framework of the Kazakh-Chinese agreement on the movement of Chinese production. The delegation has already visited Kyzylorda to discuss the feasibility study of the project directly with the leadership of the field.
"Members of the delegation were interested in the possible benefits from the state, because the Iron and Steel Works will provide about 3 thousand jobs in the region, as well as serve as a diversification of the local economy", - the report says.
According to akimat, the company investor is Anhui Massteel Engineering, a subsidiary of the well-known company Masteel, one of the largest in China in steel production and a member of the top 20 steel companies in the world. Kazakh partner of Chinese investors - "Ferrum - Vtor" LLP.