Agri-commodities firm Harvest Group has committed $500m (€431m) to agricultural regeneration in Kazakhstan.
The Swiss-based group said its subsidiary Harvest Agro Holding is investing the capital to develop as much as 300,000ha of pastureland across rural Kazakhstan into productive agricultural land.
The first phase of the agreement will involve converting 150,000ha of remote pastureland into productive, irrigated agricultural land, with plans to double this to up to 300,000ha.
Harvest Group said a central focus of the development will be innovative water usage, including the use of underground sources and advanced water-saving technologies, aimed at enhancing soil productivity sixfold.
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