The Kazakh-Hungarian Direct Investment Fund plans to invest in the modernization of the dairy plant in the Akmola region.
A memorandum on development of the dairy production was signed during the Kazakhstan Global Investment Roundtable in Astana, KazAgro state firm reports.
According to the deal, the Kazakh-Hungarian Direct Investment Fund will create a single holding company AinaHoldings B.V. and buy a stake in Aina Dairy Farm LLP based in the Akmola region.
The Aina farm’s cattle accommodation capacity is up to 1,500 heads, while its milk processing capacity is 4,000 liters per year.
The memorandum also includes buying livestock from Hungary to boost milk production.
