The implementation of a project involving a Turkish investor has been suspended in the Zhambyl region of Kazakhstan, as reported by the Ministry of Agriculture.
According to the ministry, the investor and local authorities must resolve issues related to land allocation following legislation and financing conditions with second-tier banks.
Earlier, in November 2023, the regional administration informed that the project implementation was halted at the initiative of the Turkish investor. They also offered land plots totalling 2,261 hectares.
In March 2023, the Ministry of Agriculture stated that they were working on an Investment Agreement with the Turkish company. At that time, they confirmed the allocation of a 2,247-hectare plot for orchard planting. The project's concept included a closed-loop production cycle with a zero-waste policy. Investments would cover not only orchard planting over 5,000 hectares but also the establishment of concentrate plants, juice production, and packaging facilities.
Additionally, it was reported that the Turkish company would provide full technical and agrarian support, along with export off-take contracts for fruits, juices, and concentrates to international markets through the investor's existing distribution network and channels.
source: lsm.kz