Investments in Kazakhstan’s agriculture increase
Baku, Azerbaijan, March 28
By Ali Mustafayev – Trend:
In January-February 2018, local and foreign entrepreneurs invested 22.7 billion tenge in the agricultural sector of Kazakhstan, which is 17.4 percent more than in the same period of 2017.
The largest volume (almost 55 percent of the total investment portfolio) funds were invested in the grain producing regions, including North Kazakhstan (23 percent), Akmola (16.7 percent) and Kostanai (15 percent) regions, as well as Almaty (13.9 percent) region, engaged in vegetable and livestock production.
The volume of investments in agriculture in Kazakhstan has been steadily increasing over the past few years, reaching a record of 352.5 billion tenge by the end of 2017, which is 39 percent year over year.
Over the past 2-3 years there also has been an increase in the number of foreign investors, from the countries of the European Union and South-East Asia, as well as China and Iran, investing in the agriculture projects of Kazakhstan.
(Currency rate for 28 March, 2018: $1 - 318 tenge)