Kazakh agro-industrial complex attracts over $4B of investments
Baku, Azerbaijan, Oct. 15
By Rashid Shirinov – Trend:
Over the past five years, the agro-industrial complex of Kazakhstan attracted $4.4 billion of investments, whereas the private sector has invested more than 80 percent of the investments in the industry, First Vice-Minister of Kazakh Agriculture Arman Evniev said, according to Kazinform.
He noted that today there are all conditions for the consolidation of the agro-industrial complex as the driver of Kazakhstan’s economy.
"Huge open markets make Kazakhstan a unique country for the development of agriculture," said Evniev.
The first vice-minister also noted that over the past five years, agricultural production in the country has increased by 1.4 times, and processing production - by 1.6 times.
"Exports are also growing. This year, exports of agricultural products increased by 30.4 percent and amounted to $1.6 billion," he said.
According to the new address of Kazakh president to the people of the country, Kazakh agro-industrial complex faces the task of increasing the productivity and export of processed products at least 2.5 times over the next five years.
"To do this, we must diversify production, introduce new technologies and use scientific achievements. In the context of integration processes, a transfer of international labor experience is necessary, including attraction of direct foreign investments and creation of joint ventures," Evniev noted.
The necessary conditions are being created for this – for example, Kazakh Agriculture Ministry will implement an additional set of measures in the near future to support agribusiness entities in the framework of new initiatives, he added.