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Central Asia Kazakhstan Monitoring

U.S. companies to finance construction of a $1.3 billion agricultural complex in Kazakhstan

Deputy Head of the Presidential Administration Timur Suleymenov spoke about the main results of President Kassym-Jomart Tokayev’s meetings with heads of major American companies.

According to his words, on the sidelines of the UN General Assembly, President Tokayev had a number of bilateral talks with representatives of the American companies. In particular, Kassym-Jomart Tokayev held meetings with representatives of Amazon, Plug & Play, and a number of companies of the agricultural sector including Tyson Foods and Marmot Industries. It was agreed that the next year some of the above-mentioned companies will open offices on the basis of the Startup Hub in the city of Nur-Sultan. He added that one of the significant projects will be the creation of a large agricultural complex in the city of Nur-Sultan.

According to the deputy chairman of the Presidential Administration, the project will become the largest across the post-Soviet space.

Timur Suleymenov voiced the size of investments depending on the parameters – USD500 million – USD1.3 billion. It is planned that the complex will export up to 70% of its production.

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