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  • Iran investor to built meat processing plant in E.Kazakhstan

Iran investor to built meat processing plant in E.Kazakhstan

18 January, 2018 18:21
The construction of a meat processing combine in East Kazakhstan region will start in this year.

With the support of "KazakhInvest", the Iranian investor concluded an investment contract for the construction of a meat-packing plant with further deep processing using the "Halal" standard in the city of East Kazakhstan region in the Industrial Zone "Ondiris", the Ministry for Investments and Development of the Republic of Kazakhstan informed.

"General Director of "AgroPortal" Amir Shekarchi concluded an investment contract for the implementation of the investment project that provides the fulfillment of investments and investment preferences with the Investment Committee of the Ministry for Investments and Development of the Republic of Kazakhstan", said the report.

It is planned that the volume of foreign investments in the project will comprise about 7 billion tenge. The construction of the meat-packing combine in East Kazakhstan region will began in the present year.

"In Kazakhstan, a favorable investment climate has been created for foreign investors. At the regional level, we closely cooperate with the representation of JSC "NC "KazakhInvest" and the Governor's Office of East Kazakhstan region, which fully support our project. At the meat processing plant in the territory of "Ondiris", modern, non-waste production lines will be installed. About 250 people will work at the plant", stressed General Director of AgroPortal Amir Shekarchi.

It is expected that at the meat processing plant, up to 2,000 heads of small cattle and 400 heads of cattle will be processed per day.

It should be noted that this production is mainly export-oriented - up to 90% of production will be sent to the Islamic Republic of Iran.

"KazakhInvest" will continue its activities to support the implementation of this project for the construction of a meat processing plant. The agenda includes obtaining customs and tax preferences, subsidizing issues, as well as visa support", said Regional Director of "KazakhInvest" in East Kazakhstan region Madina Baysalbayeva.

At the invitation of the Iranian investor, the delegation of East Kazakhstan region, led by the deputy Governor of the region Shalkar Baybekov with the support of "KazakhInvest", will visit Iran. During the visit, which will be held in the second decade of January 2018, it is planned to visit and familiarize with the activities of fattening grounds and dairy farms, meetings with producers of agricultural equipment, partners interested in importing Kazakh meat products, as well as potential investors to be offered a number of promising projects in the field of agro-industrial complex.

In the National Investment Strategy for 2018-2022. The agro-industrial complex is defined as one of the priority sectors for attracting foreign direct investment. Gross inflow of direct investments into Kazakhstan in agriculture for 2015 - 9 months of 2017 amounted to 135.2 million. US dollars.

It should be reminded that within the framework of the execution of the instruction of the Head of the State, "KazakhInvest" jointly with the World Bank, the National Investment Strategy for 2018-2022 was developed. The work will be carried out in three directions: improving the investment climate in Kazakhstan; implementation of effective operational measures and development of new approaches to attract investment; privatization and public-private partnership.

By 2022 it is planned that the gross inflow of FDI will increase by 1.26 times; the ratio of gross FDI to GDP in 2022 will increase to 19%; FDI focused on increasing efficiency will increase by 1.5 times; the volume of investments in the fixed capital of the non-extractive sector of the economy will increase by 1.46 times; the volume of foreign investment in the fixed capital of the non-primary sector of the economy will increase by 1.5 times.