Foreign investors to support projects in Kazakhstan

Business Materials 10 January 2020 15:54 (UTC +04:00)
Foreign investors to support projects in Kazakhstan

BAKU, Azerbaijan, Jan. 10

By Nargiz Sadikhova - Trend:

Ten investment projects total worth of which is 120 billion tenge ($319 million) are currently being implemented in Kazakhstan’s Akmola region, Trend reports with reference to region’s department for investments and industry.

According to the department, countries such as the Netherlands, the US, Russia, Turkey and Israel are among the region’s partners.

Thus, an investor from the Netherlands is implementing a project for construction of a wind park in the region in cooperation with a local partner. Capacity of the wind park will be 100 MW and the value of investments is 40.7 billion tenge ($108.2 million).

In addition, a company from the US is planning on implementation of a trout growing project worth over 2 billion tenge ($5 million) and its capacity will be 500 tons of products a year.

The region is also expanding cooperation with Russian companies. Thus, a Russian company is planning to construct a solar park of 100 MW of capacity worth 30 billion tenge ($76.7 million). Another project worth 6.7 billion tenge ($17.8 million) for manufacturing tractors, specialized vehicles and sowing complexes manufacturing is also under development.

As reported, investors from Turkey are designing the project for manufacturing of packages worth approximately $40 million.

Israeli investors are developing the project for construction of a duck farm with a capacity of production of 10,000 tons of meat a year and fisheries. Total cost of the projects is approximately $100 million.


Follow the author on twitter: @nargiz_sadikh