Kazakh lamb can "go" to Israel and Kuwait
Business and investors are on one site. "AgroInvest Forum 2017" is held in Astana On 25th of August “AgroInvest Forum 2017” Agro-Industrial Investment Forum is held in Astana. It was organized by the Ministry of Agriculture of the Republic of Kazakhstan jointly with JSC "NUKH" KazAgro". Over 200 participants from 18 countries took part in the event, including about 40 representatives of large foreign investment funds and financial organizations, as well as representatives of Kazakhstan and foreign agribusiness. Deputy Prime Minister of the Republic of Kazakhstan - Minister of Agriculture Askar Myrzakhmetov welcomed the Forum participants and spoke about the importance of developing the agricultural sector in Kazakhstan. "The agricultural sector in Kazakhstan is among the priority sectors. The development of this sector has a huge economic and social significance - the AIC is the main source of income for almost half of the country's population", - Askar Myrzakhmetov said.
The speaker noted that it is necessary to diversify the production of competitive products of the agro-industrial complex, which is in demand on the markets. "A new state program for the development of the agro-industrial complex for 2017-2021 is aimed at achieving this goal. It provides for the maximum increase in the volume of agricultural products through the involvement of small farms in commodity production by uniting them into cooperatives, building trade and logistics infrastructure and export policy, developing agricultural machinery, agro-processing, and solving water supply problems", - Askar Myrzakhmetov added. Askar Myrzakhmetov summed up that today's forum is a good dialogue platform between Kazakhstan's business and the investor, an opportunity without intermediaries to find an interesting project, as well as discuss new trends and prospects for doing business in the agro-industrial complex.
It is worth noting that the Ministry of Agriculture of the Republic of Kazakhstan and the Ministry of Foreign Affairs of the Republic of Kazakhstan are negotiating with the veterinary services of Israel, Kuwait on the possibility of deliveries of Kazakh mutton, as well as with Malaysia, Japan, South Korea, European Union countries on the export of dry mare's milk. Chairman of the Board of JSC "Holding" KazAgro" Nurlybek Malelov, emphasized that the holding is a specialized institute for the development of the agricultural sector, providing state support to the industry through affordable financing, development of the production, information and service infrastructure of the agro-industrial complex. "Last year, the Group of Companies of the Holding directed about 820 million dollars to support the agro-industrial complex. A key instrument is credit and investment activity, this sector accounts for 83% of the total financing of the industry", - Nurlybek Malelov said. The Chairman of the Board of JSC "Holding" KazAgro "noted that one of the types of direct investments is the creation of Direct Investment Funds. "Together with the Eximbank of Hungary, in December 2015, we created a joint Kazakh-Hungarian private equity fund with an initial capitalization of 40 million USD. It is planned to increase the Fund's capitalization to 150 million USD through attraction of additional investors", - Nurlybek Malelov added. Participants of the event also noted that Kazakhstan already has examples of successful implementation of projects with the participation of foreign investors. Director of the International Islamic Trade and Financial Corporation Hani Salem expressed his gratitude for the organization of this Forum. "We will strive for closer cooperation with state enterprises, the private sector and local banks to share best practices. In all this is important government support, namely its reflection in the effective application of laws and regulations for the development of Agriculture. We will continue to use our network in the Middle East and beyond to attract significant financial resources to meet the growing demand for various sectors of the economy in Kazakhstan", Hani Salem said. In the course of the investment forum, in addition to establishing business contacts, a number of problematic issues that could impede effective cooperation of domestic business with foreign partners and investors were also discussed.
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