Baiterek Holding and Qatar's leading agro-industrial companies sign agreements

Baiterek Holding and Qatar's leading agro-industrial companies sign agreements

On October 12, 2022, Astana hosted a Kazakhstan-Qatar business forum attended by the Emir of Qatar Sheikh Tamim bin Hamad Al Thani.

At the forum, Kanat Sharlapayev, Chairman of the Board of Baiterek Holding, signed three memorandums of understanding with the leading Qatar-based agro-industrial companies:

– Memorandum between Baiterek Holding and Hassad Food investment company;

– Tripartite Memorandum between Baiterek Holding, Dinara Group Agroholding, and Baladna;

– Memorandum between Baiterek Holding, Alel Agro JSC, and Baladna.

The Memorandums are expected to boost the development of mutually beneficial business cooperation between Kazakhstani and Qatari companies. Baiterek Holding will play a crucial role in the said cooperation.

Besides, the forum focused on bilateral trade, and economic and investment cooperation in the agro-industrial complex.

Nurbolat Aidapkelov, First Deputy Chairman of the Board of Baiterek Holding, spoke at the forum.

– More than 87 thousand agricultural manufacturers are financed by Baiterek Holding's subsidiaries. The average loan amount is 26 million tenge. To date, the Holding has financed 892 investment projects worth $1.6 billion. About $1.2 billion have been allocated for this purpose so far, – he said.

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