The Development Bank of Kazakhstan (a subsidiary of Baiterek Holding, hereinafter – DBK, the Bank) and Kazak Protein LLP have signed an agreement to open a credit line.
The project for the construction of an integrated agro-industrial complex for the deep processing of cereals and pulses in Astana is included in the list of 17 breakthrough initiatives approved by the Government of Kazakhstan. It is aimed at developing high value-added products, reducing import dependence and building the country’s sustainable export potential.
The total cost of the project stands at KZT 175.7 billion. Financing is being provided through the initiator’s own funds and a DBK loan, while additional support is being extended through a guarantee from the Damu Fund. The Bank’s funds will be used for the purchase and installation of equipment.
Once it reaches full design capacity, the enterprise will be able to process up to 250,000 tonnes of wheat and 80,000 tonnes of peas per year, producing high-tech food ingredients and deep-processed products.
The complex’s output will be aimed at both the domestic market and exports. Export revenue is expected to exceed KZT 100 billion annually, which will significantly strengthen Kazakhstan’s position in international markets for processed agricultural products.
The project will ensure near-complete import substitution in a number of key product categories: 100% for lysine, modified wheat starches, pea protein isolate and pea starch. This will substantially reduce the domestic market’s reliance on foreign supplies and enhance the country’s food security.
An important socio-economic benefit of the project will be the creation of around 420 jobs, supporting employment and providing an additional boost to the regional economy.
The enterprise will introduce advanced technological solutions, including elements of artificial intelligence and biotechnology, which will help improve production efficiency, reduce raw material losses and ensure consistently high product quality in line with international standards.
The project is also being implemented in line with ESG principles, with measures предусмотрены for efficient resource use, lower environmental impact and the development of sustainable production chains.
“Support for initiatives of this kind reflects DBK’s strategic priority of diversifying the national economy. We are focused on capital-intensive projects that reshape the very structure of our exports. Kazak Protein’s production facility is a high-tech asset that will generate a long-term multiplier effect for the regional economy and set new standards for deep processing in Central Asia, while also opening up new export opportunities, including access to the US market,” said Marat Yelibayev, Chairman of the Management Board of DBK.
In addition, the new complex will become a driver for the development of related industries, including logistics, feed production and the food industry, while also ensuring stable demand for domestic agricultural producers.
