Iran’s company Golrang Industrial Group is planning to construct an oil extraction plant and a broiler poultry farm totaling around $120 million, Kazakhstan’s Ministry of Agriculture reported.
«As part of efforts to attract foreign investors, an agreement has been reached with the Iranian Golrang Industrial Group to implement two major projects: the construction of an oil extraction plant and a broiler poultry farm… The total investment is estimated at $120 million,» the statement said.
The agreement was reached at the meeting between Kazakhstan’s Vice Minister of Agriculture Yermek Kenzhekhanuly and Golrang Industrial Group CEO Mehdi Fazli.
The oil extraction plant will be capable of processing up to 3,000 tons of sunflower seeds per day. Direct investment is estimated at roughly $70 million. The project will enable deeper processing of agricultural raw materials and increase the added value of the products. The capacity of the broiler poultry farm is not specified, but the project is expected to be worth around $50 million.
Currently, representatives of the Golrang Industrial Group are assessing potential locations for future facilities.
In 2025, agro-industrial trade turnover between Iran and Kazakhstan increased by 55.8%, surpassing $341 million. At the same time, exports of Kazakh goods almost doubled, with the bulk consisting of cereals such as wheat and barley.
