en.Wedoany.com Reported - China National Machinery Industry Corporation (Sinomach) and China International Engineering Consulting Corporation (CIECC) are planning to build a large grain and oil industrial park in Kazakhstan, with an estimated project investment ranging from $240 million to $280 million.

The project aims to establish a modern complex for the storage and deep processing of grain and oil crops, with the site initially considered in the North Kazakhstan Region, Kostanay Region, or Akmola Region of Kazakhstan. The second phase of the project plans to build granaries and distribution centers in the city of Alatau.

Once operational, the complex is expected to produce up to 500,000 tons of feed wheat flour, 300,000 tons of wheat flour, and 200,000 tons of vegetable oil annually. The project is estimated to have an implementation period of one to two years.

Project objectives include increasing the deep processing volume of Kazakhstan's agricultural raw materials, boosting exports of high value-added products, and creating new job opportunities. Representatives from Baiterek Holding, relevant Chinese companies, and the Alatau city government have held discussions on project implementation, with all parties studying financing options and next steps for project launch.