Kazakhstan ups investments in agriculture
The growth of business profitability in the agricultural sector
of the Kazakh economy has attracted the attention of investors.
“The volume of investments in Kazakhstan’s agricultural sector
exceeded 166 billion KZT ($1=184.45 KZT) as of 2014, which is 17
percent more than in 2013,” according to the Ranking.kz analytical
service.
The aggregate profitability index of large and medium-sized
companies operating in Kazakhstan’s agricultural sector stood at
17.7 percent, while this index was equal to 4.5 percent in the same
period of 2013, according to Ranking.kz.
Three key grain regions of Kazakhstan accounted for 58 percent of
the total volume of investments in the fixed capital in the
agricultural sector in 2014, said the message.
The volume of investments totaled 50 billion KZT in North
Kazakhstan province, 27 billion KZT in Akmola province and 19.5
billion KZT in the Kostanay province.
KazAgro national holding also pays special attention to the
abovementioned provinces, said the message.
KazAgro is implementing the program for development of the
agro-industrial complex in Kazakhstan for 2013-2020 –
Agribusiness-2020.
The holding’s investment portfolio included 464 projects worth of
298.6 billion KZT in total, according to the financial statement as
of Q3 of 2014.
The following provinces of Kazakhstan are in lead in terms of the
implementation of investment projects: Akmola - 63 projects (18.1
percent of the total number of implemented projects), North
Kazakhstan - 40 projects (11.5 percent), Almaty - 39 projects (11.2
percent), Kostanay - 37 projects (10.6 percent) and South
Kazakhstan - 30 projects (8.6 percent).
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