INTERNATIONAL IFPА and KAZAKH INVEST signed a Memorandum of Understanding

INTERNATIONAL IFPА and KAZAKH INVEST signed a Memorandum of  Understanding

The prospects of bilateral cooperation in the field of attracting foreign investors to the food industry were discussed during the meeting of the Chairman of the Board of “NC “KAZAKH INVESTJSC Meirzhan Yussupov with the Director General and CEO of the INTERNATIONAL ISLAMIC FOOD PROCESSING ASSOCIATION H.E. Sheikh Bilal Khan.

During the meeting, the head of the non-profit organisation IFPA H.E. Sheikh Bilal Khan announced his interest in providing cooperation and support for attracting Islamic finance and investment into the agro-food sector of the Republic of Kazakhstan and to promote business relations and strategic partnerships in the food industry of the OIC markets.

In addition, the parties discussed issues of bilateral cooperation between food producers and processors in the countries of the Organization of Islamic Cooperation (“OIC”). H.E.  Sheikh Bilal Khan noted the possibility of providing assistance to Kazakhstan in removing trade and investment barriers in the exchange of goods and services between the OIC member countries.


During the negotiations, the Chairman of the Management Board of “NC “KAZAKH INVEST” JSC Meirzhan Yussupov spoke in detail about the system of state support for foreign investors, which includes various industry benefits and preferences. He also stressed the possibility of cooperation in the need for the development of the agro-industrial complex industry, as one of the most important and promising niches of the processing sector in the Republic of Kazakhstan. It should be noted that along with the implementation of projects in the food industry, the parties discussed a number of topics related to the creation of an Islamic agricultural investment fund.

Following the meeting, a Memorandum of Understanding was signed, which will allow “NC “KAZAKH INVEST” JSC to share agri-food investment projects with IFPA to attract Islamic finance and investments, as well as promote them in the OIC and IOFS member countries

For reference: IFPA is a non-profit organization, which is enabling growth of agri-food exports of companies in Organisation of Islamic Cooperation/ Islamic Organization for Food Security (“OIC/IOFS”) member states through membership-related services via strategic service partners, connecting exporters to importers and investors with projects as well as providing market intelligence, training/education and events, and advocating for the private sector agri-food industry in OIC/IOFS member states


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