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Kazakhstan offered $1bn investment project at Mogilevkhimvolokno

09.11.2012
ASTANA, 9 November (BelTA) – Belarus has offered Kazakhstan to implement a $1 billion investment project at Mogilevkhimvolokno, Belarus Premier Mikhail Myasnikovich told media in Astana after the talks with his Kazakhstani counterpart Serik Akhmetov on 9 November. The Belarusian PM stressed that today’s negotiations ended up with an agreement on implementation of an array of joint projects with Kazakhstan. The largest of them will be a project at the basis of Mogilevkhimvolokno. “Kazakhstan plans to diversify its capital and productions and organize a joint stock company at Mogilevkhimvolokno. The project is estimated at $1 billion. The move will considerably improve the economies of Kazakhstan and Belarus,” Mikhail Myasnikovich said. In his words, it will be a big Eurasian project which will take Belarus and Kazakhstan to third countries. The Belarusian Premier also added that the sides would take a different look at the issues related to the industrial assembling at joint companies. “We will set up joint capacities, real plants to produce dump trucks, fodder and combine harvesters, tractors. Belarus is ready to share the relevant technologies and documents with Kazakhstan, provide financial support of joint projects,” the Belarusian Premier said. The two countries have great prospects in cooperation in the food industry, the production of dairy products in particular. “We will set up plants here. There is every condition for it,” Mikhail Myasnikovich stressed. In his words, Belarus and Kazakhstan are shifting to concrete projects. The agreements reached today open up a new stage of bilateral cooperation.

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