In Astana, NC Kazakh Invest organized several meetings between the management of the Dutch company Farm Frites, Simon Quist and Jos den Boer, and Deputy Prime Minister and Minister of Agriculture Umirzak Shukeyev, Deputy Minister of Investments and Development Arystan Kabikenov and representatives of “Agrarian Credit Corporation” on the issue of opening a potato processing plant in Almaty region.

In accordance with the instruction of the Head of State to attract ten multinational companies in the processing sector, Kazakh Invest is guiding the investment project of the company Farm Frites “Construction of a potato processing plat”.

During the past year, Farm Frites conducted a potato variety testing and identified a region for the project - the Almaty region. Currently, Kazakh Invest provides assistance in obtaining land and other consulting services.

Thus, it is planned to build a center for cultivating 11 elite potato varieties, with a capacity of 70 thousand tonnes per year. The construction of the plant is scheduled for April 2019. The total cost of the project is 165 million USD.

These issues were discussed during the meeting with Chairman of NC Kazakh Invest Saparbek Tuyakbayev and LLP «Eurasia Gold», which acts as Kazakhstan’s investment partner.

Farm Frites was founded in 1971 in the Netherlands as a family enterprise for the production of frozen and chilled potato products. The transnational company has sales offices in 40 countries and 6 plants with 1500 employees. 1.3 million tonnes of potatoes are processed each year. Six factories and four dozen sales offices allow exporting products to 80 countries. The trademark is one of the three largest European producers in Europe.

For reference: Kazakh Invest, within the framework of executing the instruction of the Head of State, together with the World Bank, developed the National Investment Strategy for 2018-2022. Work is carried out in three areas: improving the investment climate; implementing effective operational measures and developing new approaches to attract investment; privatization and PPP.

The National Strategy identified priority sectors for foreign investment (agribusiness, mechanical engineering, chemicals and petrochemicals, infrastructure, mining and metallurgical complex, trade) and 11 priority countries, which accounted for 80% of investments (US, Russia, Britain, Germany, France , Italy, China, Japan, South Korea, Turkey, the United Arab Emirates).

www.primeminister.kz

Published: 31 March 2018

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