Jiangsu to invest $600m in Khorgos SEZ in boost for Lianyungang

Khorgos Eastern Gate Free Trade Zone KazakhstanChina’s eastern Jiangsu province is close to agreeing to invest $600m in the Khorgos – Eastern Gate SEZ logistics and industrial zone, the Deputy Director Kazakhstan’s state-owned rail company Temir Zholy confirmed this week. 
“Jiangsu Province is our gateway to Southeast Asia,” Abdur-Rashid Sakenov said. “These investments will focus on the primary processing of raw materials …which will then be packed and shipped …to China.” The lion’s share will be destined for export to South-East Asia from Jiangsu’s Lianyungang port.
 Recently hailed as “the new Dubai” by its CEO Karl Gheysen, the development of the 4,000ha multi-modal logistics, large-scale industrial production and trade centre on the Sino-Kazakh border is central to Kazakhstan’s Nurly Zhol (Bright Path) economic policy and is also strategically important for China’s One Belt One Road ambitions to open up the New Silk Road.

Source: AKIpress