Kazakhstan Secures $10 Billion Chinese Deal to Boost Aluminum and Green Energy
Kazakhstan’s government has held high-level talks with a major Chinese industrial group over a $10 billion investment in the country’s aluminum sector. First Deputy Prime Minister Nurlan Naliyev met with East Hope Group’s Senior Director for Strategic Investments, Chen Lei, to discuss the ambitious project. The proposed initiative includes a bauxite mining and processing plant, an aluminum smelter, and a wind power station. All facilities would be built in the Kostanay region, marking one of the largest industrial investments in Kazakhstan’s recent history.
During the meeting, both sides reviewed the project’s progress, focusing on raw material supply, energy infrastructure, and coordination with state agencies. East Hope Group, a global leader in electrolytic aluminum, alumina, and polysilicon production, has previously developed a $10 billion industrial park in China, generating over 40,000 jobs. Naliyev reaffirmed the government’s support for the venture, pledging continued collaboration to ensure its success. The project aims to strengthen Kazakhstan’s position in the aluminum market while expanding its renewable energy capacity.
If completed, the investment would transform Kostanay into a key hub for aluminum production and green energy. The $10 billion plan also aligns with Kazakhstan’s broader economic goals of attracting foreign capital and diversifying its industrial base.
