Farm Frites' investment plans for a potato processing plant in Kazakhstan are taking shape

Farm Frites' potato processing investment plans in Kazakhstan are taking shape

In Astana Kazakh Invest NC organized a number of meetings between managers of the Dutch company Farm Frites, Simon Quist and Jos den Boer, and the Deputy Prime Minister, Minister of Agriculture, Umirzak Shukeyev, Vice Minister for Investments and Development, Arystan Kabykenov, representatives of Agrarian Credit Corporation regarding the opening of a potato processing factory in Almaty region (Courtesy: www.primeminister.kz)

April 03, 2018

Source

primeminister.kz

More details on the investment plans of Dutch French fry manufacturer Farm Frites in Kazakhstan have been published on the official website of the Prime Minister of Kazakhstan following additional meetings on the topic.

The plans of Farm Frites were mentioned for the first time on PotatoPro in January of last year.

During the past year, Farm Frites conducted a potato variety testing and identified a region for the project – the Almaty region.

Currently, Kazakh Invest provides assistance in obtaining land and other consulting services. Kazakh Invest supports the investment project of Farm Frites or what is formally called “Construction of a Factory for Processing Potatoes” as part of their mandate to attract ten multinational companies in the processing sector to Kazakhstan.

Currently, the plan is to build a center for cultivating 11 elite potato varieties, with a capacity of 70 thousand tons per year.

The construction of the plant is scheduled for April 2019. The total cost of the project is $165 million.

These issues were discussed during the meeting with the chairperson of Kazakh Invest NC, Saparbek Tuyakbaev and Eurasia Gold LLP, which acts as an investment partner of Kazakhstan.