ASTANA, Kazakhstan, September 2. Kazakhstan’s President, Kassym-Jomart Tokayev, attended the Kazakhstan-China Business Council meeting in Beijing, where the Abai region signed a major urban development agreement with China’s Xinjiang Xinhua Industrial Company for the construction of a new residential district in Semey, Trend reports via the Akimat (regional administration) of the Abai region.
The document was signed by the First Deputy Akim (head) of the region, Yerbol Sadyr, and the company’s representative, Shi Cunliang. According to the agreement, modern residential complexes, hotels, and schools are planned to be built in the new district of Semey. The project aims to create a new urban environment in accordance with international standards.
“The scale of the project is also impressive: the total area covers 150 hectares, and the volume of investments amounts to 106.8 billion tenge ($203 million). For the Abai region, this agreement is of special importance. It will create new jobs, give an impetus to the development of the construction industry and related sectors, and elevate social infrastructure to a new level. We are confident that this project will become a new driver of the region’s development and make a significant contribution to strengthening the strategic partnership between Kazakhstan and China,” noted Yerbol Sadyr.
For Xinjiang Xinhua Industrial Company, this is already the second project in the Abai region. Within the framework of the aforementioned forum, company representatives reviewed the region’s potential and began construction of a trade and logistics center in Semey. The head of the region took part in the foundation-laying ceremony of the facility.
