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The move has since driven a speculation frenzy in the property market in the area, which prompted policymakers to put in place strict controls on real estate development in Xiongan New Area.

The Chinese president also proposed expanding cultural exchanges as well as cooperation in education, medical care, youth and cultural industries.

As China's neighbor and a comprehensive strategic partner, Kazakhstan is an important partner on the Belt and Road Initiative and international production capacity cooperation, he said.

Green development will be prioritized when choosing industries to move into the new area. High-end and high-tech industries and service industries will be encouraged, according to Zhang.

The industrial park is said to be the first Sustainable Textile and Apparel Industrial park in the African continent with state-of-the-art infrastructural capacity.