China Invests $600 Million In Construction Of Livestock Hub In Kazakhstan
Date
7/18/2024 3:12:53 PM
(MENAFN- AzerNews)
By Alimat Aliyeva
The Chinese company Beijing Capital Agro intends to invest over
$ 600 million in the meat farming of Kazakhstan,
Azernews reports.
A major project to create a livestock hub is planned to be
implemented by 2030. It is expected that the complex will include
more than 600 farms and operating feedlots in Kazakhstan. They will
be involved in an anchor partnership.
"This was announced at a meeting of the head of the Ministry of
Agriculture of Kazakhstan with Chinese companies CITIC Construction
and Beijing Capital Agro. It is worth noting that they expressed
their interest in long-term cooperation with Kazakhstan for the
purchase of beef and live cattle," the message reads.
This year, the Chinese authorities lifted restrictions on the
export of meat products from the southeastern regions of
Kazakhstan. The first batch of beef was exported to China in
June.
The issue of expanding the list of exported products is also
being worked out. There are 10 more types of goods at the stage of
development.
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