Chinese companies are investing more than $600 million in the beef cattle industry in Kazakhstan

At the site of the Ministry of Agriculture of the Republic of Kazakhstan, contracts for the export of meat worth $75 million were signed Representatives of Chinese companies expressed their interest in long-term cooperation with Kazakhstan for the purchase of beef and live cattle. This became known during a meeting between the Minister of Agriculture Aidarbek Saparov and the management of the Chinese companies CITIC Construction and Beijing Capital Agro. As the press service of the Ministry of Agriculture clarified, Beijing Capital Agro intends to invest more than $600 million in the beef cattle industry by 2030. As part of the project, feedlots will be created, more than 600 farms and existing feedlots will be involved in the anchor partnership. In addition, as a result of the meeting, Kazakh LLP “Meat processing and Servis company”, Agro Silk Way, “Astana Agro Product” signed three contracts with Chinese companies for the export of meat, as well as the supply of live cattle. ...