Shandong Port Group is the world's largest port conglomerate in terms of cargo capacity. [Photo/WeChat account: Shandong-Port]

Shandong Port Group (SPG), the world's largest port conglomerate in terms of cargo capacity, signed a memorandum of understanding (MOU) for strategic cooperation with Kazakhstan Investment Cooperation Agency in the coastal city of Qingdao, Shandong province on Dec 19.

China and Kazakhstan are connected by mountains and rivers, and they are good neighbors, friends, comrades and partners whose future is closely interconnected. The two countries show great potential and broad prospects for cooperation. In recent years, their economic and trade cooperation has developed in an all-round way and achieved fruitful results under the Belt and Road Initiative.

The MOU is of great importance for SPG and Kazakhstan Investment Cooperation Agency to deepen mutually beneficial cooperation in various fields, and it is expected to help the two sides write a new chapter of regional cooperation.

Located at the intersection of the Belt and Road and the 21st Century Maritime Silk Road, SPG has leveraged its advantages to set up a multimodal transport logistics channel, aiming to better serve the Belt and Road Initiative. Currently, the port group has launched more than 300 container routes connecting over 700 ports in 180 countries and regions, making it a key logistics hub for the Belt and Road Initiative.

Kazakhstan Investment Cooperation Agency plays an important role in promoting the economic cooperation between China and Kazakhstan. It has signed cooperative deals with 18 provinces and cities in China.