Inner Mongolia nets $2bn trade in Astana

Inner Mongolia agreed a total of 22 projects during its week at Astana Expo from Aug 22 to 24, signing contracts worth $2 billion in an assortment of business sectors.

In the chemical and metallurgy industries, Boyuan Holdings Company from Ordos negotiated a 1.5-billion-dollar natural gas project with a local Kazakh company. 

Mingtuo Group Company from Baotou signed an MOU with Eurasian Natural Resources Corporation in Kazakhstan regarding the ferrous metal chromium; a project valued at 100 million dollars.

Hongbote Science Company Ltd reached an investment agreement with Central Asia Metals Group Company Ltd in a contract valued at 56 million dollars. 

In tourism promotion, Kanghui International Travel Agency and Shanshui International Travel Service signed deals with Kazakh agents to design package tours for tourists from both sides.

A cooperative agreement concerning wheat planting and flour processing was reached between agricultural companies.

In addition, Bayannur held a fair to exhibit its organic agricultural products and livestock during Inner Mongolia Week at China Pavilion in Astana. 

Businessmen shake hands at the signing ceremony of Inner Mongolia Week at Astana Expo in Kazakhstan. [Photo/nmgnews.com.cn]