Kazakh Invest presents Kazakhstan’s investment opportunities at SPIEF-2019

NUR-SULTAN (TCA) — Kazakhstan’s delegation took part in Russia’s St. Petersburg International Economic Forum (SPIEF-2019) last week. During the event, representatives of Kazakh Invest national investment promotion company held a series of meetings with leading companies and organisations in Russia, Kazakh Invest said.

During the meeting with the VIS Group, the parties discussed cooperation in infrastructure development. The company implemented over 70 large projects in the fields of energy, manufacturing, transportation, social and O&G infrastructure in 23 cities in Russia and Europe.

Also, Kazakh Invest conducted a meeting with representatives of Russian food company Cherkizovo Group that is a major producer and processor of poultry and pork. The company noted great potential for exports of agricultural products to the markets of the EEU countries and China. As a result, the parties agreed on further negotiations covering specific projects in the field of poultry meat and pork production.

Following the discussions with Kazakh Invest, Japanese company United Managers Japan, which is engaged in construction of high-tech greenhouse complexes, expressed its willingness to create a greenhouse with an area of up to 10 hectares at the initial stage. In case of successful project implementation and establishment of markets for the products, the company will be ready to expand its presence in Kazakhstan. Notably, Kazakhstan will commence implementation of large-scale greenhouse farming projects in 2019. Thus, Russian company ECO-Culture plans to construct the largest 500-hectare greenhouse complex in Kazakhstan with the investment value of $1.1 billion. In the meantime, Turkish investors are planning to build 200 hectares of greenhouses worth about $200 million in Kazakhstan.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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