KAZAKH INVEST and Harvest Agro Holding Sign Memorandum on Cooperation in the Agricultural Sector
Acting Chairman of the Board of JSC “NC KAZAKH INVEST” Aibol Argyngazinov held a meeting with First Deputy Director of Harvest Agro Holding Almaz Maralov, following which the parties signed a Memorandum of Understanding. The document is aimed at supporting the implementation of an investment project to establish the “Harvest” agro-industrial cluster.
The project provides for the phased conversion of up to 300,000 hectares of fallow and pasture lands into irrigated agricultural lands using modern water-saving technologies and infrastructure solutions. At the first stage, 150,000 hectares will be developed. The total investment at the initial stage will amount to about USD 500 million. The project geography will cover several regions of the country, including Almaty, Zhetysu, Zhambyl, Aktobe, Pavlodar, Kyzylorda, and East Kazakhstan regions.
Under the agreement, KAZAKH INVEST will provide comprehensive support for the project, including assistance in interaction with government bodies and the selection of investment sites.
Aibol Argyngazinov noted:
“We view the Harvest Agro Holding project as a strategic initiative that will not only introduce modern irrigation and land-use technologies but also create new jobs in the regions, contributing to the development of rural areas and increasing the export potential of domestic products.”
For his part, First Deputy Director of Harvest Agro Holding Almaz Maralov emphasized that Kazakhstan’s unique conditions open up opportunities for large-scale agricultural projects, the growth of domestic production and processing, the expansion of exports, and the creation of jobs through the use of modern technologies and international expertise.
