December 11, 2018, in Astana, First Deputy Prime Minister Askar Mamin negotiated and attended the signing of an investment agreement on sharing the capital (51%) of the largest Kazakhstani automobile manufacturer SaryarkaAvtoProm by a transnational Chinese state company for the import and export of China National Machinery IMP. & EXP. CORP, a member of Genertec.
Askar Mamin noted that this is a strategic project for the domestic automobile industry, which will increase the pace of development of the industry and export potential to enter foreign markets. The project is an important component of the Silk Road Economic Belt program and is included in the list of Kazakhstani-Chinese cooperation in the field of industrialization and investment.
Read more: https://primeminister.kz/en/news/large-investor-enters-kazakhstan-automobile-industry-17567