Law does not prohibit leasing land if it's beneficial to Kazakhstan - Agriculture Ministry

Saktash Khassenov

Kazinform | 23.05.2011

Legislation does not prohibit to lease land, if it is beneficial to Kazakhstan. Kazakh Vice Minister of Agriculture Saktash Khassenov said it during the online conference on Bnews.kz web portal.

He noted that according to the legislation, Kazakhstan has the right to lease land to foreigners for a period of 10 years. The Vice Minister stressed that investors of the Customs Union participating states took interest in this matter.

"Our climate allows to produce strong wheat varieties, which is impossible, for example, in Belarus. In my opinion this issue can be considered in view of several factors. This can lead to increase in crop production, employment growth, opening of joint ventures, where the controlling stake will belong to Kazakhstanis," Khassenov emphasized.

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