ASTANA, Kazakhstan, February 13. Swiss company Swiss Choice Holding will build a fish farm in the Tupkaragan district of Mangystau region of Kazakhstan, Trend reports.
This was announced during a meeting between the Akim (Governor) of Mangystau region, Nurdaulet Kilybai, and representatives of Swiss Choice Holding in Astana. The parties discussed the progress of the "Red Pearl" investment project aimed at breeding sturgeon and producing caviar in the Tupkaragan district.
“The project, which envisages annual cultivation of 100 up to 600 tons of sturgeon and production of 100 tons of caviar on the Caspian Sea coast, has been allocated 56 ha of land by the regional administration. Total investment in the project is estimated at 5.7 billion tenge ($11.4 million). Construction is scheduled to begin in the first quarter of 2025, with operations set to start in 2026. The first phase aims to produce 100 tons of fish,” the information notes.
Following the start of construction, about 30 new jobs will be created. The company plans to sell its products both on the domestic market and for export.
In the course of the meeting, Nurdaulet Kilybai emphasized the project’s contribution to the socio-economic development of the region and assured full support from the administration.
“President Kassym-Jomart Tokayev, at an extended government session, instructed us to diversify the economy and strengthen efforts to attract investments. We are determined to implement various projects in the region in line with these directives. The sturgeon breeding and caviar production project we are discussing today is of great importance to our region. We are ready to provide comprehensive support for its successful implementation within the framework of legal regulations,” said Nurdaulet Kilybai.
To note, in 2024, Kazakhstan signed over 100 investment contracts totaling approximately 3 trillion tenge ($6 billion), placing the country among the top 50 global leaders in terms of foreign direct investment.