Kazakh-Hungarian fund to attract $100 mln for agricultural projects
- KazInform
- 31 Mar 2016
In the future the national holding "KazAgro" plans to set up similar funds with China and the United Kingdom.
In the future the national holding "KazAgro" plans to set up similar funds with China and the United Kingdom.
Many large agricultural corporations, especially Italian (Cremonini, Granorolo) and Chinese (Rifa, CITIC, COFCO) have stirred up negotiations regarding the building of full-scale production facilities in Kazakhstan.
Kazakh authorities recently amended farm sector legislation allowing the country to prolong land leases for foreign investors from 10 to 25 years.
Dubai-based company AMK Metal Fzco is to construct a livestock farm for 20,000 head of cattle and a meat processing plant for the production of 5,000 tonnes of high-quality beef in Kazakhstan.
Iran has launched agricultural cultivation in Kazakhstan, marking its first farmland investment overseas as the Middle Eastern country seeks to secure food supplies amid a lingering drought.
Iranian institute confirms that Ministry of Agriculture is responsible for overseas farm production programme
Iranian institute starts offshore food production in Kazakhstan and will soon expand to Ukraine and Ghana. It will also look into sourcing water supplies abroad.
During a visit by the Prime Minister of Hungary, KazAgro and the Export-Import Bank of Hungary agreed to establish a 50:50, $40 million Development Fund to invest in Kazakhstan agriculture.
Interest in farming from a new class of institutional investors — including hedge, endowment, pension, private equity and sovereign wealth funds — has surged.
Amid outcries from local residents against the foreign acquisition of agricultural lands in several Georgian regions, some experts have drafted recommendations to amend the Law of Georgia on the Ownership of Agricultural Land.
HighQuest Partners in the US say that between 65-80 million hectares of additional land is going to have to be brought into production, globally, within the next 10 years and that this means more foreign farmland investment.
Arab states should buy land in Kurdistan and Kazakhstan to produce staple foods to secure future food resources says a senior Arab League official.