07/06/2024 09:00:00

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Baiterek Holding calls on French businessmen to invest in the agricultural sector of Kazakhstan

Baiterek Holding calls on French businessmen to invest in the agricultural sector of Kazakhstan

This Thursday, the Kazakh-French Business Council met online. During the meeting, Murat Daribayev, Managing Director of Baiterek Holding, told his foreign colleagues about the measures the Holding is taking to support Kazakhstan’s agricultural sector.

The online meeting was organized with the assistance of “Kazakh Invest” National Company JSC and MEDEF International (the Movement of the Enterprises of France) bringing together more than a hundred participants representing the business communities of the two countries, government bodies, and subjects of the quasi-public sector. The French delegation included heads of world-famous companies such as Air Liquide, Orano, Total Eren, Vicat, Thales, Idemia, ADP Ingénierie, BPI France, and ADEPTA.

Aidan Karibzhanov and Yves-Louis Darricarrère, the co-chairs of the Business Council, made a welcoming speech.

In turn, Murat Daribayev said that the agriculture of Kazakhstan is developing rapidly (on average, by 3-5% annually). Despite the COVID-19 pandemic and the state of emergency introduced at the height of the planting campaign, the industry grew by 5.7% in 2020. The number of livestock, meat and milk production is increasing. The food industry is also showing annual growth, having increased by 4% in 2020.

Murat Daribayev noted that last month KazAgro Holding was merged into Baiterek Holding, creating a single development institution. He also informed that KazAgro Holding’s subsidiaries, which were responsible for the financing of the agricultural sector, are now part of Baiterek Holding. The Holding’s Managing Director also called on French investors to cooperate.

– I would like to appeal to French businessmen. The agro-industrial complex of Kazakhstan has significant potential for further development and growth. The government provides significant support to the industry through various instruments, including subsidiaries of Baiterek Holding. We are interested in fruitful cooperation with foreign investors and our subsidiaries are ready to consider proposals for financing projects in the agro-industrial complex under the existing crediting programs, – said Murat Daribayev.

At the meeting’s end, the participants noted the need to strengthen cooperation within the Business Council, which has proven its effectiveness in the light of the Kazakh-French strategic partnership.

The Kazakh-French Business Council, which includes 68 Kazakh and French businessmen, was established in 2008 following bilateral agreements reached during the official visit of Nursultan Nazarbayev, the First President of Kazakhstan, to France.

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