...

Israeli investors to launch agro projects in Kazakhstan's Akmola region

Business Materials 22 November 2019 14:58 (UTC +04:00)
Israeli investors to launch agro projects in Kazakhstan's Akmola region

BAKU, Azerbaijan, Nov.22

By Nargiz Sadikhova - Trend:

Israel’s Amos VP Agro LTD company and akimat (administrative center) of Kazakhstan’s Akmola region signed a memorandum of cooperation in agriculture, Trend reports with reference to the press office of regional akimat.

The document was signed within the framework of meeting between Head of Akmola region Yermek Marzhikpaev and President of Israel’s Amos VP Agro LTD Vladimir Polevoi.

Within the framework of the meeting, Polevoi proposed to look into possibility of creating a goose farm in the region the capacity of which will be 10,000 tons of meat per year. The company is also planning on creating a salmon fishery in the region.

As reported, total cost of investments projects is assessed to be around $100 million and the implementation of the projects does not require state guarantees. Volume of foreign funding will be 85 percent. The company is also planning on increasing it projects portfolio in the region.

“We are highly assessing input of foreign investors into the country’s economy, into its sustainable development. Formation of favorable investments climate has been and continues being among our main priorities,” Marzhikpaev said having highlighted that akimat is open for cooperation and is ready to support the project’s implementation.

Akmola region handles 40 percent of total country’s cars manufacturing, 35 percent of gold, 10 percent of uranium compounds, 24 percent of poultry meat, 16 percent of eggs, 11 percent of flour and milk.

---

Follow the author on twitter: @nargiz_sadikh

Tags:
Latest

Latest