Pakistan to invest $1 billion in construction for agricultural fertilizer plant in Kazakhstan

Kazakh invest held a meeting with the management of Pakistan's Engro Corporation Limited, founded in 1965 in Karachi.

From the Kazakh side, the meeting was attended by Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Islamic Republic of Pakistan Yerzhan Kistafin, Chairman of the Board of JSC "NC Kazakh Invest Meirzhan Yussupov, from the company "Engro Corporation Limited" in the line of strategy and business development Senior Vice President Khawaja BilalĀ  Hussein, CEO Hussein Hassan Ali and manager Nasir Syed Obaid.

The delegation specifically came to Kazakhstan to hold talks with representatives of interested central government agencies and organizations of the quasi-public sector on the project to build an agricultural fertilizer plant. According to the investors, they are ready to invest about $1 billion in the project. Ambassador Yerzhan Kistafin informed the Pakistani partners about the measures of state support.

Meirzhan Yussupov emphasized that Kazakh Invest is ready to provide a range of services to support the project. "One-third of investment projects under development are in the agro-industrial complex, so Pakistan's experience is important for us. Given that Kazakhstan ranks 6th in the world in terms of agricultural area, where more than 80% of the land (220 million hectares) is used for agricultural production," said the Chairman of the Board of Kazakh invest.

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