Kazakhstan-Hungarian fund invests into the next project of agro-industrial complex of Kazakhstan
Kazakhstan-Hungarian private equity fund plans to make investment into modernization of dairy-commodity farm in Akmola region. The relevant memorandum was signed during Kazakhstan Global Investment Roundtable held in Astana.
According to the document it is supposed to establish the single holding company, Aina Holdings B.V., and purchase participation shares in in “Aina dairy farm” LLP owing dairy-commodity farm with capacity up to 1 500 heads of cattle and the plant for milk processing with capacity 4 000 liters annually. Within the project for company development it is intended to purchase in Hungary new heads of cattle to increase the farm capacity and production of natural milk.
According to the chairman of Executive Board of “KazAgro” Holding Nurlybek Malelov, such instrument of investments attraction to agrarian sector of the country is interesting for foreign investors and availability of Hungarian element in the deal is the best confirmation of cooperation on international level.
It should be noted that this year Kazakhstan-Hungarian fund has already invested USD 12 million to construction of greenhouse complex with area of 20 ha in Aktobe region jointly with the companies FoodVentures (Holland) and Green Capital Kazakhstan LLP (Kazakhstan). The investment sum amounted to USD 6 million from Kazakhstan part and USD 6 million from foreign investors.
Kazakhstan-Hungarian fund was established by the instruction of the Government of the Republic of Kazakhstan in 2015 by “KazAgro” National management holding” JSC jointly with Hungarian Export-Import Bank. The aim of the Fund is financing of agricultural projects on the territory of Kazakhstan.
“KazAgro” National management holding” JSC implements the state policy on development of agribusiness complex of Kazakhstan by means of providing effective management of investment assets of companies included into its structure. The Holding includes “Food contract corporation” National company” JSC, “KazAgroProduct” JSC, “KazAgroFinance” JSC, “Agrarian credit corporation” JSC, “Fund for financial support of agriculture” JSC, “KazAgroGarant” JSC and “Kazagromarketing” JSC».