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

China’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