Baku, Azerbaijan, Oct. 1
By Rashid Shirinov – Trend:
Makinsk poultry farm has been launched in Akmola region of Kazakhstan. The first stage of the project is estimated at 33.5 billion tenge, Kazakh media report.
More than half of the required investments were provided by the subsidiaries of Baiterek Holding – Development Bank of Kazakhstan JSC (DBK) and Kazyna Capital Management JSC. The remaining funds were the own investments of the initiator of the project, AitasKZ JSC, and the European Bank for Reconstruction and Development, share participant in the company.
During the launch of the poultry farm, Chairman of the DBK Board Bolat Zhamishev noted the high importance of the project for the economy of Kazakhstan.
"Production of 50,000 tons [of chicken meat], taking into account the second stage, will meet 15 percent of the needs in Kazakhstan. This is a significant figure," Zhamishev said.
Independent Directors of DBK Antonio Somma and Marcia Favale also took part in the ceremony. They noted that the Makinsk poultry farm is an excellent example of the implementation of the DBK mission to support the diversification of the Kazakh economy outside the main oil and gas sector.
"This project is mainly aimed at a diversified and promising sector of the economy of Kazakhstan – agribusiness," said Somma.
Currently, the development of the poultry market in Kazakhstan is taking place against the backdrop of the increasing international competition caused by the globalization of economic relations in the world. The problem is exacerbated by the fact that the import of poultry meat largely affects the poultry production in Kazakhstan.
The development of own poultry farming and import substitution are the main objectives of the state. Developed in 2009, the “Poultry Development" plan has a target indicator – the achievement of 70 percent of self-sufficiency in poultry meat by 2020.