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Central Asia Kazakhstan Monitoring

Dutch company Food Ventures expands agro project in Kazakhstan

The second stage of a greenhouse project by the Dutch company Food Ventures has been launched in Kazakhstan’s Aktobe province, Kazakh Invest national investment promotion company reported.

In 2019, KZT 3.5 billion has been invested in the project, including 60 newly created jobs and the construction of a 5-hectare section of the greenhouse. At the next stage, in 2020-2021, two more sections will be developed, to which investors plan to allocate KZT 8.6 billion.

In addition to cultivating tomatoes in the greenhouse, the plans include growing eggplants, as the Aktobe province, the cities of Nur-Sultan, Almaty, Shymkent, other regions of Kazakhstan, as well as Russia, are eyed as the end markets, with the share of exports to be increased to 80%.

At its full capacity, the greenhouse will yield 12-15 thousand tons of vegetables.

“Today we are witnessing the launch of the second stage of the greenhouse project by the Dutch company Food Ventures. The greenhouse that has just been built on Dutch technology through financing from the Kazakh-Hungarian investment fund already represents one of the largest enterprises in this area in Kazakhstan. I am sure this project will further strengthen the trade and economic relations between Kazakhstan and the Kingdom of the Netherlands,” said Deputy Minister of Foreign Affairs of Kazakhstan Yermek Kosherbaev during the launch ceremony on April 5.

One of the main activity areas of the Ministry of Foreign Affairs of Kazakhstan within its investment promotion policy is creating unique conditions for potential investors that would eliminate bureaucracy. Given this task, Kazakh Invest, a subsidiary of the Ministry of Foreign Affairs of Kazakhstan, provides a full range of one stop shop services for the support of investment projects from idea to implementation through post-investment period.

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