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On Investment Projects in the Agricultural Sector At V Astana Economic Forum

On Investment Projects in the Agricultural Sector  At V Astana Economic Forum                                                             22.05.2012 As of today, KazAgroFinance has approved 71 Investment Projects to the total amount of KZT 52.8 milliard in the agricultural sector of the republic’s economy. The Chairman of the Board of the Company Nurlybek Malelov has declared hereof during the interview with the journalists within the framework of V Astana Economic Forum taking place in the capital. Today 54 Projects of the total number of the approved applications to the amount of KZT 34.3 milliard have been financed. About 30 objects have already been commissioned. As it was noticed, since 2009 “KazAgroFinance” JSC has been carrying out the active financing of the prospective projects related to creation of the network of the large dairy farms, meat poultry farms, greenhouses, up-to-date vegetable storehouses, agricultural machinery assembly factories, as well as the projects on implementing the drip irrigation technologies in the republic. Starting the summer of 2011, the Board of the National Holding “KazAgro” decided the national leasing company “KazAgroFinance” to be the operator of 14 investment trends in the agriculture of the country in general. It refers to the projects for construction and reconstruction of the network of feed yards, meat processing complexes, pedigree farms (reproducers), development of the infrastructure of the Kazakhstan grain export and its deep processing, construction and modernization of the granaries, as well as creation of the network of the slaughter centres and development of the production and processing of the fine wool in the republic. Among the largest projects being implemented today are creation of the greenhouse complex for 5.1 ha “Green Land Alatau” LLP (Almatinskaya oblast) with the capacity of about 3500 - 4000 tons of the fruit and vegetables per year, creation of the dairy farm for 1 250 heads for “Saryagash” LLP (Kostanaiskaya oblast) with the increase in the milk production from 3 800 up to 5 900 tons, creation of the poultry farm “Capital Projects LTD” LLP (Karagandinskaya oblast) with the production of up to 9 400 tons of poultry meat per year, creation of the reproducer pedigree farm for 2 500 heads of cattle breeding stock for “MTS Zhaima” LLP (Pavlodarskaya oblast). At the present time, over 6000 heads of pedigree meat cattle have been delivered to the Kazakhstan farms and agricultural entities under the line by KazAgroFinance within the framework of implementation of the State Program “Cattle Meat Export Potential Development”. According to Nurlybek Malelov, the projects being implemented under the line by KazAgroFinance facilitates the solution of the main strategic tasks assigned by the Head of State being the decrease in the import dependence and development of the export potential of the republic’s agricultural sector. “KazAgroFinance” JSC is the company established by the Decree of the Government of the Republic of Kazakhstan in 1999. The key goal is the support of the agricultural sector of the republic by providing the access of the agricultural manufacturers to the financial funds, as well as to the agricultural machinery and technological equipment on the lease basis. It is the part of the National Managing Holding “KazAgro”.

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