$100M to be attracted for projects in Kazakhstan
Baku, Azerbaijan, March 31
By Elena Kosolapova - Trend:
The Kazakh-Hungarian Investment Fund plans to attract additional $100 million from local and foreign investors for implementation of new projects in Kazakhstan, the country's Agriculture Ministry's press service said March 31.
"The Fund will invest in capital of Kazakhstan's companies operating in the field of processing, storage and logistics in agricultural sector and food industry," said the press service.
The Kazakh-Hungarian Investment Fund was established by KazAgro National Management Holding and Hungarian Eximbank to finance agricultural projects in Kazakhstan. The Fund's initial capital was $40 million ($20 million from each side).
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