Menu
Back Back
IOFS and Kazakh Invest signed Memorandum of Understanding
Date 2020-09-17 11:31:19
IOFS and Kazakh Invest signed Memorandum of Understanding
On September 16, 2020, Director-General of IOFS Mr. Yerlan Baidaulet and CEO of the JSC "National company 'Kazakh Invest' Mr. Baurzhan Sartbayev signed Memorandum of Understanding. The two parties agreed to take their cooperation further by elaborating a Road Map for the programmes' implementation.

The Memorandum aims to promote cooperation and other forms of joint participation in financial assistance for food security and the development of agribusiness projects in countries of mutual interest, as well as in cases where emergency and humanitarian assistance are needed.  Special attention will be given to leverage the use of the investment operations to support sustainable agricultural development, with a focus on the agroindustry and agro-technology via IFPA.
During the meeting, IOFS and 'Kazakh Invest' discussed the possibilities of enhancing partnership towards common goals and networking with other international, national, and state organizations in the agricultural domain.

Such a scheme of close cooperation between IOFS and a hosting member country represented by a major investment promotion agency in a local food sector would be replicated in other member countries.
Moreover, parties agreed to include joint programs such as Grain Fund, Gene Bank, Water Management, Center of Excellence and others in the Road Map.

For reference: JSC National company "Kazakh Invest" was created following the decree of the Government of the Republic of Kazakhstan to promote sustainable socio-economic development of the Republic of Kazakhstan by attracting foreign investment into focal areas of the economy and providing comprehensive support of investment projects.


The information provided by Islamic Organization for Food Security (“IOFS”) on iofs.org.kz (the “Site”) is for general informational purposes only. IOFS is a non-profit international organization and all information on the Site is provided in good faith, without any intent to commercialize, profit or otherwise exploit any content. Any commercial use, including without limitation reselling, charging to access, redistribution, or for derivative work such as unofficial translations based on these documents, are not allowed. All posts, publications, texts and any other forms of information on the Site owned by authors and references are linked within.

Under no circumstance IOFS shall have any liability for any loss or damage of any kind incurred as a result of the use of the Site.