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Kazakhstan is looking for $9.5 billion in agricultural investments by 2025

Kazakh Prime Minister Askar Mamin has stated that the Kazakh government plans to attract 4 trillion tenge (US$9.57 billion) of investments in its agriculture sector. Minister of Agriculture Saparkhan Omarov said the ministry plans to implement 380 investment projects, including 250 import substitution projects. It hopes to launch up to 80 investment projects each year. Overall, officials expect it will create up to 500,000 additional jobs.

Omarov outlined the priority tasks for the ministry. These include increasing the self-sufficiency of the domestic market with food products up to 80 percent, increasing incomes for one million rural residents, increasing labour productivity by two and a half, as well as doubling exports of processed products.

As reported on astanatimes.com¸ the measures are part of the country’s effort to create seven large ecosystems to produce and process grains and oilseeds, fruit and vegetables, sugar, meat and milk.


Photo source: En.wikipedia.org


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