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The Head of State receives Zhu Hexin, Chairman of the Board of Directors of CITIC Group

October 17, 2023

Beijing, China

A series of meetings between Kassym-Jomart Tokayev and heads of Chinese companies continued with a conversation with Zhu Hexin, Chairman of the Board of Directors of CITIC Group. The parties discussed topics of strengthening partnership relations in such key sectors as energy, petrochemical industry, and others.

The President was informed on the progress of the implementation of the agreements previously reached between CITIC Group and the Kazakh side.

- Our regular meetings point toward the strategic nature of our cooperation. In May this year, CITIC Construction and its Kazakh partners signed 5 documents on the implementation of projects with a total investment volume of $2 billion. One of the key projects is the expansion of production capacity of Aktau bitumen plant Caspi Bitum on oil processing up to 1.5 million tonnes per year. I was informed that a corresponding agreement has been signed between Kazmunaygas and CITIC group. Given your extensive experience in construction, I believe that the implementation of the project will be carried out efficiently and in a short time," - the Head of State said.

The Chairman of the Board of Director of CITIC highly appreciated the mutually beneficial cooperation with the Kazakh side.

- Our CITIC Corporation has been successfully operating in Kazakhstan. It is a great honour for me and my colleagues to meet with you today. The main goal of all our work is to deepen cooperation with Kazakhstan," emphasised Zhu Hexin.

During the conversation, prospects for cooperation in the field of investments and the agro-industrial complex were also discussed.


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The President of the Republic of Kazakhstan