ASTANA, Kazakhstan, July 23. Akim (Governor) of East Kazakhstan region (EKR), Nurymbet Saktaganov, held a meeting with Chinese investors from Funde Holding Group Co., Ltd., willing to implement a large project to establish natural gas production in Zaisan district, Trend reports via the administration of East Kazakhstan Region.
The potential investment is estimated to be around $2 billion, with the creation of more than 1,000 jobs.
The investors conducted a thorough analysis of the district's climatic, geographical, and infrastructural conditions before deciding to support the project. The company has extensive international experience and implements large-scale energy initiatives worldwide.
In the course of the meeting, Nurymbet Saktaganov noted that this is a prospect for the residents of the Zaisan district – new jobs, strengthening the region’s gas potential, and long-term economic impact.
The parties discussed a preliminary plan of cooperation and agreed to involve specialized agencies and experts in further discussion of the project. Heads of key regional departments were present at the meeting: economy and budget planning, entrepreneurship and industry, land relations, energy, and ecology.
The meeting became another step in the strategic partnership for the socio-economic development of East Kazakhstan.
According to the Kazakh Economic Research Institute, in the first quarter of 2025, foreign direct investment (FDI) from China amounted to $814.9 million, an increase of 59.2 percent compared to the same period last year.
