Baiterek Holding and Qatari company Hassad Food intend to develop investment cooperation in the field of agriculture

On October 11, within the framework of the state visit of the Emir of the State of Qatar Sheikh Tamim bin Hamad Al-Thani to the Republic of Kazakhstan, Chairman of the Board of JSC "NUH "Bayterek" Kanat Sharlapayev met with a member of the Qatari delegation - Chairman of the Board of the agricultural investment company "Hassad Food" Mohammed Al Sadah.

During the business meeting, the parties discussed the trends in the development of cooperation within the framework of joint investment projects in the field of agriculture, which became the basis for the conclusion of a Memorandum of Understanding between JSC "NUH "Baiterek" and "Hassad Food", the signing ceremony of which will take place on October 12, in Astana within the framework of the Kazakh-Qatari investment forum.

Kanat Sharlapayev presented the current situation on state support measures for the agro-industrial complex of Kazakhstan and noted the key factors affecting the investment attractiveness of this industry:

"Baiterek Holding, as a key financial institution of Kazakhstan, pays great attention to the development of the agro-industrial complex of the country. The total support of agribusiness projects from the Holding's portfolio companies for the first half of 2022 amounted to 241.4 billion tenge. Operating with a wide range of financial support instruments, the Holding seeks to increase the inflow of private foreign capital into the agricultural sector of the country through the development of international investment cooperation."

At the end of the business meeting, the parties expressed their intention to further strengthen the stable and mutually beneficial partnership between Kazakhstan and Qatar. 

For reference:

Hassad Food is an investment fund that is part of Qatar's sovereign wealth fund, Qatar Investment Authority ("QIA"), which operates in the field of agriculture and has an estimated capital of US$ 1 billion. 

Hassad Food is the main investor/developer in Qatar's agriculture and livestock sector.