The agreement, signed in Astana, involves the Ministry of Agriculture of Kazakhstan, Alarko Holding, the Shymkent Akimat, and Alsera KZ, TuraNews.kz reports.
The signing ceremony was attended by Türkiye’s Ambassador to Kazakhstan, Mustafa Kapucu, as well as representatives from Kazakhstan’s Investment Committee, Kazakh Invest, and other stakeholders, TuraNews.kz reports.
“A Landmark Step in Agricultural Investment”
Minister of Agriculture Aidarbek Saparov highlighted the importance of attracting investments to Kazakhstan’s agricultural sector. He noted Türkiye’s key role as a partner in agro-industrial cooperation, with joint projects in food processing, advanced agricultural technologies, and infrastructure development.
“Today’s agreement with Alsera KZ solidifies long-term commitments that will ensure the sustainability of this project for the next 25 years,” Saparov said.
The project, to be developed in Shymkent, will be completed in two phases by 2028, creating approximately 5,000 new jobs. The total investment, amounting to $650 million, will come entirely from Alarko Holding, the parent company of Alsera KZ.
Support and Social Impact
The government will provide extensive support to investors, including tax benefits, infrastructure development, and other incentives. Minister Saparov also emphasized the project’s social impact, with plans for building playgrounds, kindergartens, and green spaces in the surrounding areas.
“This project demonstrates the effectiveness of international collaboration and sets the stage for further investments in agriculture. It paves the way for knowledge exchange, advanced technologies, and increased trade between our nations. We are confident that such partnerships will strengthen food security and the competitiveness of agricultural products in both countries,” Saparov added.
