ASTANA, Kazakhstan, June 22. Kazakhstan intends to invest 507.3 billion tenge (approximately $1.09 billion) on 105 projects in the agro-industrial complex in the Turkistan region between 2024 and 2026, Trend reports.
According to the Ministry of Agriculture, in 2024, it is planned to implement 45 projects worth 114 billion tenge (about $245 million). Following the results of 5 months, 10 projects worth 7.9 billion tenge (about $17 million) were launched.
"This is a significant contribution to the development of agriculture in the region and improving the economic situation in the region. Investments in the agro-industrial complex not only contribute to the development of individual enterprises, but also the entire industry as a whole," the Ministry said.
One of the major investment projects implemented this year is a slaughterhouse for 25,000 heads per year. The cost of the project was 1.1 billion tenge (about $2.36 million). The company plans to export meat products from the Turkestan region to China.
As the Ministry noted, measures are being taken to strengthen the region’s position in the dairy industry. In particular, YUG-GROUP-INVEST LLP launched a milk processing plant with a capacity of 9,600 tons of products per year.
"Also, special attention in the region is paid to the development of fish farming and poultry farming: VITA LLP has implemented a fish processing project with a capacity of 130 tons per year, and Myrzashol Kus LLP has opened a poultry farm for meat and egg production worth 850 million tenge (about $1.8 million)," the Ministry said.
Notably, Kazakhstan plans to double its gross agricultural output within five years. In this regard, the government of Kazakhstan is introducing new approaches to the development of the agro-industrial complex. The corresponding document was approved by the government following a meeting in January.
Thus, a roadmap has been developed that provides for measures in each area of the agro-industrial complex.
Kazakhstan will therefore step up its agriculture area diversification. This will consequently lower the proportion of the driest crop and raise the yields of very valuable plants, such as oilseeds. In addition, water-saving technologies are to be introduced, fertilizer application will be increased, and agricultural machinery will be thoroughly updated.
In addition, the roadmap also includes measures aimed at increasing the number of large and small livestock, expanding meat and grain processing, launching dairy farms, and other facilities.
In general, the implementation of the roadmap will allow increasing the gross output of the agro-industrial complex by 2 times to 17 trillion tenge ($38 billion) by 2028.