On a windswept steppe in southwestern Kazakhstan, the new Chinese-backed cement plant on the outskirts of the village of Shieli stands as a gleaming symbol to some of the Central Asian country's industrialisation.
No firm date has been set for the IPO, however
Royal Dutch Shell Plc dropped plans to purchase a stake in KazMunayGas National Co. after a due diligence process that included discussions about the risk of corruption at the Kazakh state oil company, people with knowledge of the matter said.
With the outlines of its six idle cranes obscured by thick fog and pouring rain, Kazakhstan's Caspian seaport Aktau seems an unlikely stop on China's much-hyped new silk road.
Seeking to attract more foreign investment from its prime position in China's huge Belt and Road trade project, Kazakhstan launched a new financial hub on Thursday which has already secured the backing of its giant neighbour.
Political uncertainty and over-reliance on external borrowing make the country more vulnerable than lower-rated sovereigns.
After decades in the economic wilderness, Uzbekistan wants to reintegrate itself into the global value chain. A Eurobond is on the way and regional integration has become a key priority
Khorgos, a new state-of-the-art port in the middle of the Kazakh desert, sums up the grand ambitions of the Belt and Road Initiative. But it is as much driven and funded by Kazakhstan as it is by China. Rather than being a white elephant, it has real implications for trade.
How might the states of Central Asia and the Caucasus benefit from China’s grand new investment initiative?
- Kazakhstan held liable for expropriation of Hourani family’s investment on second round of ICSID arbitration
- China's Belt and Road sparks battle of the breadbaskets
- Fuel Crisis Hits Kazakhstan Hard
- U.S. Charges Rolls-Royce Employees With Bribing Kazakh, Azerbaijani Officials
- Kazakhstan must do more to convince foreign investors