​Deputy Foreign Minister visits Aktobe to discuss three-level investment system

Nur-Sultan, April 5, 2019 – Deputy Minister of Foreign Affairs of Kazakhstan Yermek Kosherbayev recently made a business trip to the Aktobe region.

On the first day of the visit, the Deputy Foreign Minister visited the regional Investor Service Centre, and saw the projects located within the Aktobe Industrial Zone.

During the business trip, Mr. Kosherbayev took part in a meeting of the Regional Council for Attracting Investors and Improving the Investment Climate of Aktobe region, where he answered questions from regional investors.

The main event during the visit was the official launch of the Green Capital Kazakhstan greenhouse by the Dutch company “Food Ventures LLP”, which was also attended by Governor of the region Ondansyn Urazalin, Ambassador of the Netherlands to Kazakhstan Dirk Jan Kop, and Ambassador of Hungary to Kazakhstan András Baranyi.

The project has been financed by KazAgro Corporation and Hungarian Eximbank. The construction of Green Capital Kazakhstan has also been financed by Food Ventures.

In 2019, the project received 3.5 billion tenge, creating 60 jobs. A five-hectare section of the greenhouse has already been built. In 2020-2021, two further sections will be built, with investors planning to allocate approximately 8.6 billion tenge. Alongside the financial investment, there has also been the transfer of technology: the greenhouse has been equipped with the latest technology, including an ultra-climate system which has only been implemented in a small number of Dutch farms. This high-tech process, in combination with cutting-edge principles of biological protection and recirculation, will facilitate maximum crop yields.

When the greenhouse facility reaches its full capacity, it will collect 12-15 thousand tonnes of vegetables and in addition to tomatoes, will produce aubergines in the future. The primary markets for the products include the Aktobe Oblast, Nur-Sultan, Almaty, Shymkent, and the other regions of Kazakhstan, as well as Russia, with the share of exports planned to increase to 80%.

“The First President of Kazakhstan - Elbassy pays special attention to the issue of attracting investment. Today, Kazakhstan has created all conditions for investors, constantly working to improve the investment climate of the republic. In December 2018, the Ministry of Foreign Affairs of Kazakhstan was given the functions of attracting investments and expanding export coordination. Currently, we are building a comprehensive ecosystem in the format of 'Foreign Missions of Kazakhstan – Center – Region'.

“Today, we are witnessing the launch of the second stage of the Dutch Food Ventures greenhouse facility. We see one of the largest enterprises in Kazakhstan in this field – a greenhouse based on Dutch technology and financed within the Kazakh-Hungarian Fund. I am sure that this project will contribute to the further strengthening of trade and economic relations between the Republic of Kazakhstan and the Kingdom of the Netherlands,” noted Mr. Kosherbayev.

One of the main priorities of Kazakhstan's Ministry of Foreign Affairs in attracting investment is the creation of unique conditions for potential investors, reducing bureaucracy and red tape, and providing a regional front office for investor services. Aktobe region has implemented this initiative, as investors receive all services at a 'one-stop shop'.

The region has also opened a representative office of the region in China to attract investment and promote products from the Aktobe region to Chinese markets.

The Netherlands is one of the largest investors in Kazakhstan. More than a thousand companies with Dutch capital operate in the country, and 82.8 billion US dollars have been attracted from the Netherlands between 2005-2018, representing one-third of the total inflow of foreign direct investment.

Last year, the trade turnover between the two countries amounted to 6.5 billion US dollars, including exports worth 6.2 billion US dollars, and imports worth 300 million US dollars.

Created at : 5.04.2019, 18:05, Updated at : 5.04.2019, 18:05