| Location: | Kostanay region |
| Sector: | Agriculture and Food Processing |
| Total cost: | $ 1.2 bln |
| Chinese partner: | Zhongfu Investment Group |
| Kazakhstani partner: |
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| Construction start: | 2015 |
| Putting into commission: | 2016 |
Zhongfu Investment Group, established in 2000, is a leading investment entity in China’s venture capital industry. Zhong Fu investment group is focused on private equity investment, capital management, and financial consulting. It possesses strong capital and a professional management team as well as strong connections with international investment firms and governments. The proposed investments in Kazakhstan are some of the largest for a single investment firm. By a decree of the Chinese government, Zhongfu Investment Group Limited was granted the right to cooperate with enterprises in Kazakhstan and allocated funds in the amount of $ 1.6 billion for the development of the agricultural sector in Kazakhstan.[1]
In June of 2015, representatives of the investment company Zhongfu Investment Group Limited Company signed an agreement with the authorities of the Kostanay region for the development of an oil flax cultivation company and a deep processing facility. The established Kazakhstani enterprise will be engaged in the entire cycle of flax cultivation, processing and refining as well as seed production. The estimated volume of investment will be about $1.2 billion in total.
The purpose of the project is to produce high quality seed oils and increase the production of oil seed crops in Kazakhstan. The oil produced will help to meet the demands of the Kazakhstan.[2]
http://www.globalaginvesting.com/china-plans-1-9b-investment-in-kazakh-agriculture-sector/