Turkey to build greenhouse park for $650 million in Shymkent

According to the Ministry of Agriculture of Kazakhstan, a large greenhouse park will be built in Shymkent. The total investment in the project is estimated at $650 million.

The deal was formally sealed on Jan. 27, when the Ministry of Agriculture, Alarko Holding, the administration of the city of Shymkent and Alsera KZ, a Kazakhstani subsidiary of Alarko, signed an agreement on the implementation of the project. Turkish Ambassador to Kazakhstan Mustafa Kapucu, along with representatives from Kazakhstan’s Ministry of Foreign Affairs and Kazakh Invest, also took part in the negotiations on the project.

Once commissioned, the greenhouse park will produce 155,000 tons of tomatoes per year. The project will be implemented in two stages and will create 5,000 new jobs.

Moreover, the Turkish company has taken on some social liabilities. For instance, it will finance the construction of playgrounds for children, set up gardens and green the city. Under the agreement, the project will last 25 years.

Alarko Holding is one of the largest business conglomerates in Turkey. The company was established in 1954 and operates in various sectors such as construction, production and distribution of electricity, tourism and real estate.