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Tyson Foods and Marmot Industries will invest in Kazakhstan up to $ 1.3 billion

Deputy Head of the Presidential Administration Timur Suleymenov spoke about the main results of President Kassym-Jomart Tokayev’s meetings with heads of major American companies, Kazinform correspondent reports. According to his words, on the sidelines of the UN General Assembly, President Tokayev had a number of bilateral talks with representatives of the American companies. In particular, Kassym-Jomart Tokayev held meetings with representatives of Amazon, Plug & Play, and a number of companies of the agricultural sector including Tyson Foods and Marmot Industries. It was agreed that the next year some of the above mentioned companies will open offices on the basis of the Startup Hub in the city of Nur-Sultan. 


He added that one of the significant projects will be the creation of a large agricultural complex in the city of Nur-Sultan. According to the deputy chairman of the Presidential Administration, the project will become the largest across the post-Soviet space. Timur Suleymenov voiced the size of investments depending on the parameters, from $ 500 mln till $ 1.3 bln. It is planned that the complex will export up to 70% of its production.


Timur Suleimenov also added that during the talks, the President of the Republic of Kazakhstan acquainted American investors with the agreements that were reached during his visit to China. “There, agreements were reached on the recognition of veterinary and phytosanitary certificates for a number of products - meat and vegetable. Naturally, for any investor, opening the Chinese market is a huge magnet. Therefore, we hope that the rest of the work will now be carried out by the relevant ministry and the government as a whole, and by the end of this year we will get a ready-made investment solution," Suleimenov concluded.

  • Omsky Biocluster Press Service
  • 26 September 2019