Investors to put 330 billion tenge into two agricultural projects in Kazakhstan

Investors to put 330 billion tenge into two agricultural projects in Kazakhstan

Two major investment projects totaling more than 330 billion tenge have been approved in Kazakhstan. Both initiatives will be implemented in the agro-industrial sector and are aimed at enhancing food security, promoting import substitution, and expanding the production of high value-added goods. The Investment Headquarters approved the terms of agreements with Turkish companies. The investments will be used to build facilities for advanced grain processing, as well as for the production of fertilizers and pesticides. The first facility is expected to produce 250,000 tonnes of processed wheat and 80,000 tonnes of peas annually. The second will have an annual capacity of 150,000 tonnes of products. According to the government, Kazakhstan harvests 16-17 million tonnes of grain each year, with one-third exported. The remaining volume supports the development of domestic processing and contributes to the sustainable growth of the agricultural sector.