Kazakhstan

Iranian company invests in halal meat plant in Kazakhstan

Halal

Iranian-based company Agro Portal entered an agreement with Kazakhstanís National Company for Investment Support and Promotion (Kazakh Invest) to allocate an investment for the construction of a halal meat processing facility in the Ondiris region situated in the Kazakh city of Semei.

Posted on Jan 22 ,11:40

Iranian company invests in halal meat plant in Kazakhstan

Amir Shekarchi, Agro Portal's general director, has recently signed a contract for the implementation of the project along with the Investment Committee of the Kazakh Ministry of Investment and Development. The volume of the foreign investment for the new unit will be nearly 7 billion tenges (USD $21.5 million), according to a statement released by Kazakh Invest.

Construction at the site is expected to begin this year. The plant's capacity will be 2,000 small cattle and 400 cattle processed per day. Nearly 90% of the production from this unit will be exported to Iran.

"In Kazakhstan, a favorable investment climate has been created for foreign investors. At the regional level, we closely cooperate with the representative office of Kazakh Invest and the East Kazakhstan regional administration that fully support our project. At the meat-packing plant in the territory of Ondiris, modern, non-waste production lines will be installed. About 250 people will be employed at the new plant," Mr. Amir Shekarchi said.

According to Kazakh Invest, in the National Investment Strategy for 2018-202, the agro-industrial complex is defined as one of the priority sectors for attracting foreign direct investment. Gross inflow of direct investments into Kazakhstan in agriculture from 2015 through the first nine months of 2017 amounted to USD$135.2 million.

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