Baku, Azerbaijan, Dec. 15
By Ali Mustafayev – Trend:
The project of the Agro-industrial complex of Kazakhstan, financed by the National Fund of the country, reached its full capacity.
The project financed by the National Fund through its subsidiary KazAgroFinance is the Kazyna Zher Ltd dairy farm in the South Kazakhstan region.
The project is worth 2 billion tenge, and it has already reached full design capacity, Kazakh stock exchange said in a message.
Presently, the farm daily produces 29 liters of milk per head of livestock. Generally, the company produces 15 tons of milk per day.
The company was also financed under the program for the development of feed production, to ensure the livestock with feeds.
The allocated funds allowed to purchase the necessary agricultural and special equipment, as well as the equipment of the drip irrigation system.
Currently, there are 516 investment projects worth 316.6 billion tenge, in the agro-industrial complex of Kazakhstan, and financed by the country’s "KazAgro" National Holding.
As of December 2017, the holding's investment portfolio amounts to 567 investment projects with a total value of 369.9 billion tenge.
The KazAgro investment program includes financing projects in all the key areas and sectors of the country's agriculture - from the construction and modernization of large-dairy farms and modern greenhouse complexes to the development of grain export infrastructure and the creation of a network of feeding grounds and meat processing complexes.
The fund financed 23 projects related to the organization of meat processing complexes with the production of block meat and large-sized cuts worth 11.6 billion tenge.
(Exchange rate for 15.12.2017: $1 - 335 tenge)