Kazakhstan’s Sugar Refinery Opens

Last Updated on: 22nd November 2023, 05:34 pm

The Kazakhstan Ministry of Agriculture has signed a Memorandum of Understanding (MOU) with GCG Capital LLC for the establishment of a sugar refinery. The total investment that GCG will be making is estimated to reach €1 billion.

The MOU was signed on 20 February 2023 and is expected to bring tremendous benefits to the economy of Kazakhstan. This strategic partnership is expected to help Kazakhstan become a major player in the sugar production industry.

“This agreement is a major milestone for the country and will set an example of how public-private partnerships can generate untapped potential,” said Prime Minister of Kazakhstan Mr. Kairat Kelimbetov.

GCG Capital LLC CEO, Mr. David Thomas, said: “We are proud to be working with the Government of Kazakhstan to create a world-leading sugar refinery. This project will drive economic growth and create long-term jobs for the people of Kazakhstan.”

The project is expected to be completed in 2025, and is seen as a major step towards the country’s economic development.

Share this article
Shareable URL
Prev Post

Revolutionary Update: FileWave Introduces FileWave Version 15, Redefining Device Management

Next Post

Charity Cyclist Raises Funds for Mental Health Charity of UK Armed Forces by Completing Shetlands Cycle Challenge

Read next