June 2, 2025
Kazakhstan, Italy to set up agriculture investment fund
Kazakhstan Deputy Prime Minister – National Economy Minister Serik Zhumangarin met with Gianantonio Tramet , founder of Tramite Group and member of the Kazakhstan-Italy Trade and Industry Chamber, to seek and expand trade and economic cooperation between the two nations.
According to Kazinform News Agency, the meeting focused on creating a joint supply chain for agricultural products, alongside plans to establish an investment fund.
During the meeting, Gianantonio Tramet presented projects of the Italy-Kazakhstan Trade Consortium as well as the Investment Fund, set to be registered in the Astana International Financial Centre (AIFC) in Astana, Kazakhstan with an initial size of €500 million (US$566.36 million) and an expected annual turnover of €1 billion euros (US$1.13 billion). Italian investors and SIMEST are to hold the Fund's controlling stake of 51% and Kazakhstan's Baiterek Holding – 49%.
The Fund's aim is to create a logistics and investment platform to encourage markets in Europe, Asia, the US, and other regions to buy more Kazakhstani-made products, including grain, meat, oils, legumes, dairy products, fruits and vegetables.
The meeting highlighted that Italy's seven major food companies are interested in launching their production facilities in Kazakhstan as well as AGRIQA Asia's project of an agro-industrial cluster in Shardar, Turkistan region, which is expected to receive 200 million euros in investment till 2028.
In turn, Deputy Prime Minister Zhumangarin pointed out Kazakhstan's continued commitment to creating a favourable environment for foreign investors.
- Kazinform International News Agency
