DBK to finance agriculture projects worth 1.2 trillion tenge

DBK to finance agriculture projects worth 1.2 trillion tenge

The Development Bank of Kazakhstan (DBK) is ready to invest over 1.2 trillion tenge in projects in the agro-industrial sector, the press service of the country’s Prime Minister reports. The financial institution has analyzed key areas for agricultural development, including deep processing of meat, milk, and grain, expanding industrial greenhouse farming, as well as building poultry farms, vegetable storage facilities, and animal husbandry enterprises. The Bank is currently reviewing new projects from domestic investors, prioritizing those that aim to ensure food security, promote import substitution, and increase the export of domestic agricultural products. It should be noted that the DBK has already funded several projects in the country, such as the construction of a poultry farm and a large greenhouse complex and the modernization of oilseed processing plants.