Chinese conglomerate East Hope Group (EHG) has announced plans to construct a large-scale industrial park in Kazakhstan, focusing on non-ferrous metallurgy and advanced mineral processing technologies. The project was revealed by the press service of Kazakh Invest, the national investment company that facilitated negotiations between EHG and Kazakh authorities.
A tripartite agreement has already been signed between the Chinese investor, Kazakhstan’s Ministry of Foreign Affairs, and the Ministry of Industry and Construction. EHG is set to invest over $12 billion to establish metallurgical production facilities in the country. The company has registered a subsidiary in Kazakhstan and is currently evaluating potential sites for construction across various regions.
The project is expected to create up to 10,000 new jobs at different stages of its development. While specific details about the products to be manufactured in the industrial park remain undisclosed, EHG is a prominent player in the global market for aluminum and other non-ferrous metals. The goods produced in Kazakhstan are planned to be exported to Europe, Central Asia, and China.
According to Yerzhan Yelekeev, Chairman of the Board of Kazakh Invest, the project will help localize production, introduce cutting-edge processing technologies, and strengthen Kazakhstan’s position as a leading exporter of non-ferrous metals.
