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Tuesday, January 28th, 2020

OVER KZT 429 BLN INVESTED IN KAZAKHSTAN’S AGRICULTURE LAST YEAR

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by January 10, 2020 General

From January to November 2019, 429 billion 49 million 481 thousand tenge was attracted to Kazakhstan’s agriculture sector as investments in fixed assets. Compared with the data for 11 months of 2018, the increase amounted to 37.3%, Strategy2050.kz refers to the Agriculture Ministry of Kazakhstan.

It is worth noting that almost all of this money – more than 77% – is owned by investors and businessmen. Namely, 328 billion 222 million tenge or more than 868 million US dollars.

Another 100 billion tenge is borrowed funds from banks and lenders.

Most of the funds in 2019 were invested in the agricultural industry of North Kazakhstan region – 93 billion 495.8 million tenge (21.8% of the total investment in the country).

Akmola, Kostanay, Pavlodar and Turkestan regions (44.2-49.7 billion tenge) are the next region in a row.

It is noteworthy that in 2019, Pavlodar region attracted three times more investments in the agricultural sector than in 2018.

In general, 2019 was quite successful in terms of attracting investment in agriculture, as well as laying the first bricks in long-term relationships with foreign partners.

So, last year during the official visit of Kazakhstan’s President, Kassym-Jomart Tokayev to Germany, the Ministry of Agriculture of Kazakhstan signed a joint statement of intent with the Ministry of Food and Agriculture of Germany.

As part of the working visit of Prime Minister Askar Mamin to the United States, a landmark agreement was signed on investing by the leaders of the American agribusiness – Tyson Foods and Valmont Industries – in the opening of meat processing and irrigation systems in Kazakhstan.

Also, Minister of Agriculture of Kazakhstan Saparkhan Omarov signed a number of agreements, memoranda on development and cooperation in the field of agriculture with the heads of the relevant ministries and structures of Argentina, Georgia, Germany, Iran, China, Estonia. Negotiations were held with members of the governments of Afghanistan, Bangladesh, Egypt, Indonesia, Turkey, Saudi Arabia, the leaders of large investment companies – SALIC and United Green.

In addition, a Roadmap for enhancing cooperation was signed with the Minister of Agriculture of Uzbekistan, an agreement was reached with French companies Lactalis and Danone on a strategic partnership and the creation of a School for Farmers in Kazakhstan.

Source: Kazakhtan 2050

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