DBK to finance agribusiness projects worth 1.2 trillion tenge

This was reported to the Prime Minister of Kazakhstan Olzhas Bektenov by the Chairman of the Board of Development Bank of Kazakhstan JSC Marat Yelibayev during the working meeting.

Within the framework of realization of the Address of the Head of State Kassym-Jomart Tokayev to the people "Economic course of Fair Kazakhstan" the Bank analyzed priority directions on development of agriculture, among which deep processing of meat, milk and grain, development of industrial greenhouse farming, construction of poultry farms, vegetable storages and meat cattle breeding enterprises.

Marat Elibayev reported on the readiness of the DBK in cooperation with second-tier banks and other financial institutions to provide financing for the implementation of investment projects in the agro-industrial complex for a total amount of 1 trillion 220 billion tenge.

Currently, the Bank has started to consider new projects of domestic investors.

Prime Minister Olzhas Bektenov instructed the Bank's management to prioritize investment projects aimed at ensuring food security, import substitution and increasing exports of domestic agricultural products.

It should be noted that the DBK already has experience in implementing projects in the agricultural sector. Among them are construction of a meat poultry farm in Akmola region, construction and modernization of oilseed processing plants. The Bank also financed the construction of the country's largest greenhouse complex in Turkestan region, the first stage of which is scheduled to be launched next year.

#Olzhas Bektenov #The Prime Minister of the Republic of Kazakhstan #Investments #Manufacturing industry

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