At the Kazakh-Chinese Business Council meeting in Astana on July 2, the administration of Kostanay, Baiterek Venture Fund, KazFoodProducts, and the Chinese company Myande Group signed a Memorandum of cooperation for the construction of the Qostanay Grain Industry plant in Kostanay.

As reported by Kazakh Invest, the plant for the deep processing of wheat into amino acids, bioethanol, gluten, animal feed, and wheat bran, when launched in 2027, will manufacture 430 thousand tons of products per year and create about 600 jobs.

Hailing the agreement as an important step in strengthening bilateral relations, Rong Zhen, CEO of Myande Group, stated, “We see huge potential in the agro-industrial sector of Kazakhstan, and this cooperation will increase its efficiency and manufacturability and open up new opportunities for Kazakh products to enter the Chinese market.”

Alikhan Kairatbek, CEO of KazFoodProducts, added: “Based on the quadripartite agreement, it is planned to increase the production of starch molasses to 33 thousand tons per year for further use by domestic confectionery companies. New jobs will be created. Together with the Akimat (administration) of Kostanay region and Baiterek Venture Fund, we are launching large–scale projects in the field of agriculture and are very pleased to have a strategic partnership with Myande Group.”

Myande Group will also upgrade the AsiaGrowFood plant for deep processing of corn in the Almaty region to increase its production from 200 to 300 tons per day.

Deep processing of grain is one of the most promising areas in the manufacturing industry regarding products with high added value. Kazakhstan annually harvests 16-17 million tons of grain, a third of which are exported. Over 260 different types of products with added value can be produced from grain.

On July 2, Chairman of the Board of Kazakh Invest Yerzhan Yelekeyev, met Abbas Sahin, Vice-President of the Turkish group  Alarko, to discuss the construction of a greenhouse complex in Shymkent in South Kazakhstan.

As reported by Kazakh Invest, Alarko signed a contract with the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, to invest $150 million in the country’s agro-industrial sector for the first stage of a project comprising the construction of greenhouses, spanning ​​200 hectares, and creating 1,750 jobs.

Preparations by the Turkish company for construction are now underway, with completion scheduled for 2026. Once in operation, the greenhouses aim to produce up to 50,000 tons of tomatoes per year.

“Our company has operated in your country for the last 32 years,” said Abbas Sahin. “Given the large land area and available export markets, Kazakhstan has everything necessary to develop the agro-industrial sector. We see the amount of work that has been done in creating the excellent investor protection mechanisms that are now available to investors. We trust the country and have already invested approximately $700 million into projects implemented in Kazakhstan.”

In response, Yelekeyev thanked the Turkish investor for contributing to the development of Kazakhstan’s economy and announced, “Turkey is an important partner of Kazakhstan, having implemented more than 70 projects worth $2.8 billion over the years of independence. We highly appreciate that Turkish companies continue to trust Kazakhstan and actively support measures to implement their projects successfully.”