ASTANA, Kazakhstan, January 23. Kazakh Invest and China's Polyking New Horizons Technology Industry Co. Ltd. have signed a memorandum of understanding to collaborate on projects in the field of low-altitude economy, Trend reports.
Under the agreement, an industrial park is planned to be constructed in Kazakhstan, integrating drone technologies, smart cities, and intelligent manufacturing. The project will involve $200 million in investments and create 1,000 new jobs.
The memorandum also provides for the development of projects in the chemical industry and innovative technologies, which will strengthen Kazakhstan's position in the field of high-tech production.
"We see tremendous potential for integrating low-altitude technologies in sectors such as agriculture, energy, construction, and infrastructure management. By 2050, the global low-altitude economy market is expected to reach $8.8 trillion. Therefore, we are actively creating platforms for developing new industries and providing comprehensive support. I am confident that the advanced technologies and expertise of the Chinese company will give a new impetus to the development of this field in Kazakhstan," said Azamat Kozhanov, Managing Director of the Kazakh Invest.
The parties also reached an agreement to collaborate on the mutual recognition of airworthiness standards in civil aviation. This partnership will create new opportunities for economic and technological cooperation between Kazakhstan and China in the low-altitude sector, further contributing to the growth of the industry.
Polyking New Horizons Technology Industry Co., Ltd. is a leading Chinese company focused on investing in innovative technologies for logistics and supply chain management. It is a subsidiary of Citic Poly Fund, which is primarily owned by China Poly Group and Citic Group—two major players in advancing the Belt and Road Initiative.