Chinese companies are in talks to invest $1.9bn in 19 agricultural projects across Kazakhstan in an expansion of Beijing’s Silk Road initiative beyond roads and railways to beef and tomato purée.
Gulmira Isayeva, Kazakhstan’s deputy agriculture minister, said Beijing’s $40bn Silk Road Fund was planning investments in three projects, including one to move three tomato processing plants from China to the Central Asian country.
“We have great interest from Chinese companies to invest in our Kazakh agricultural production system,” she told the Financial Times in an interview. “We can export to China all products which we can grow in Kazakhstan.”
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