How the Kusto Group sees the development of the agricultural industry
Kazakhstan’s economy has significantly strengthened in recent years. This has been facilitated not only by reforms and the chosen strategy of the government, but also by the initiative of local enterprises, which actively invest in different segments of the country. A vivid example is the Kusto Group, which invests in the development of the agricultural sector.
The U.S.-China trade war provided a different perspective on the world economy and the distribution of leaders in the markets. New countries are entering the arena and are open for cooperation. Among them is Kazakhstan, where the authorities are working globally to improve economic performance and expand trade links. The country is open for investment and actively cooperates with neighboring countries and distant ones like Vietnam.
One of the most important areas for Kazakhstan, according to the head of Kusto Group, is agriculture. The government is now positioning itself on the world market as an exporter of raw materials. It sells oil, uranium and other resources. But as the current situation shows, the development model based solely on raw materials has a high risk and could lead the country to a protracted crisis. Therefore, it was decided to diversify the economy and attract investments into other segments. Agriculture as a promising sector was chosen for a reason. A favorable geographical location, wealth of natural resources, proximity to large countries with potential markets for exports increase the chances of success.
Kazakhstan has over 180 million hectares of land, which is suitable for agricultural purposes. However, only 20 million hectares are actively used. Such figures show the huge potential of the country, which has all chances to implement it, especially since millions of consumers from Russia, China and the Middle East are in close proximity. For them Kazakhstan is ready to provide quality products: meat, wheat, fruits and vegetables.
An important factor for the development of the agricultural sector is its integration with other segments and a favourable environment for trade. To this end, the Kusto Group uses innovative technologies to optimize its care and harvesting processes. The management has signed a contract with the American company BASS to supply quality GMO-free seeds. These products are adapted to the climatic conditions of the country and yield a big harvest.Investments in the agricultural segment have a positive impact on other areas as well. The number of jobs is increasing and the demand for technical and research facilities is growing.
Kusto Group sees the high potential of Kazakhstan, the concern intends to continue investing in its development, which gives a good example for domestic and foreign companies.
