In the East Kazakhstan region, an Iranian investor will build a meat processing plant according to Halal standards with the creation of 250 new job places

In the East Kazakhstan region, an Iranian investor will build a meat processing plant according to Halal standards with the creation of 250 new job places

With the support of Kazakh Invest, the Iranian investor concluded an investment contract for the construction of a meat-packing plant, followed by deep processing using the Halal standard in the city of the East Kazakhstan region in the territory of the Industrial Zone "Ondiris".

The general director of Agro Portal Amir Shekarchi concluded an Investment contract for the implementation of an investment project that provides for investment and investment preferences with the Investment Committee of the Ministry of Investment and Development of the Republic of Kazakhstan.

It is planned that the volume of foreign investment in the project will be about 7 billion KZT. The construction of a meat processing plant in the East Kazakhstan region will start this year.

"In Kazakhstan, a favorable investment climate has been created for foreign investors. At the regional level, we closely cooperate with the representative office of “Kazakh Invest JSC "NC" and the Akimat of the East Kazakhstan region, which fully support our project. At the meat-packing plant in the territory of "Ondiris", modern, non-waste production lines will be installed. About 250 people will work at the plant," - Amir Shekarchi, general director of Agro Portal, said.

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.

"Kazakh Invest" 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 Kazakh Invest in the East Kazakhstan region Madina Baysalbaeva.

At the invitation of the Iranian investor, the delegation of the East Kazakhstan region headed by Shalkar Baibekov, Deputy Akim of the region, and supported by "Kazakh Invest" will visit Iran. During the visit, which will take place in the second decade of January 2018, it is planned to visit and to familiarize with the activities of the feeding platforms and commercial dairy farms; to hold meetings with the agricultural machinery manufacturers; partners interested in import of meat products from Kazakhstan; as well as with the potential investors who will be offered a number of promising projects in agricultural sector.

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, for 2017 amounted to 135.2 million US dollars.

Informational: As part of the execution of the instruction of the Head of State, "Kazakh Invest" together with the World Bank developed the National Investment Strategy for 2018-2022. 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.

In the National Strategy, priority sectors for attracting foreign investments (agribusiness, machine building, chemistry and petrochemistry, infrastructure, mining and metallurgy, trade) and 11 priority countries, which account for up to 80% of investments in the world (USA, Russia, Great Britain, Germany , France, Italy, China, Japan, South Korea, Turkey, United Arab Emirates).

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.