BAKU, Azerbaijan, June 25
By Nargiz Sadikhova - Trend:
International Islamic Food Processing Association (IFPА) and KAZAKH INVEST signed a memorandum of cooperation, Trend reports citing KAZAKH INVEST.
The Memorandum was signed following the meeting of the Chairman of the Board of KAZAKH INVEST Meirzhan Yussupov with the General Director of the IFPA Sheikh Bilal Khan.
During the meeting, Bilal Khan announced his interest in cooperation to support the access of Islamic finance and investment in the agro-food sector of the Republic of Kazakhstan and to promote business relations and strategic partnerships in the food industry.
In addition, the parties discussed issues of bilateral cooperation between food producers in the countries of the Organization of Islamic Cooperation. Bilal Khan noted the possibility of assisting Kazakhstan in removing barriers in the exchange of goods and services between the OIC member countries.
During the negotiations, Yussupov spoke in detail about the system of state support for foreign investors, which includes various industry benefits and preferences. He also stressed the possibility of cooperation in the need for the development of the agro-industrial complex industry, as one of the most important and promising niches of the processing sector in Kazakhstan.
It should be noted that along with the implementation of projects in the food industry, the parties discussed a number of topics related to the creation of an agricultural investment fund.
Following the meeting, a Memorandum of Cooperation was signed, which will allow KAZAKH INVEST JSC to share agri-food investment projects with IFPA to attract Islamic investments, as well as promote them in the OIC and IOPB member countries
IFPA is a non-profit organization, which is enabling growth of agri-food exports of companies in Organisation of Islamic Cooperation/ Islamic Organization for Food Security member states through membership-related services via strategic service partners, connecting exporters to importers and investors with projects as well as providing market intelligence, training/education and events, and advocating for the private sector agri-food industry in the member states.
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