PROJECT

Projects

Summary of Collaboration or Co-Development Project

Project Number

608316

Sponsor

AL MOIZ INDUSTRIES LIMITED,THE THAL INDUSTRIES CORPORATION LIMITED

Date SCCP Disclosed

Apr 25, 2024

Country

Kyrgyz Republic

Region

Central Asia and Turkiye

Last Updated Date

May 9, 2024

Industry

Manufacturing

Sector

A-C - Fishing

Department

Regional Industry MAS MCT

Project Description

The collaboration between the International Finance Corporation (IFC) and Almoiz Industries Limited (Almoiz) aims to jointly conduct project pre-development activities to assess feasibility of setting up a local vertically integrated sugar production supply chain in Kazakhstan or Kyrgyz Republic. Pre-development activities will include studies to understand existing value chains, agricultural practices, off-take mechanisms, operations of local players and Environmental and Social (E&S) risks in Kazakhstan and/or Kyrgyz Republic. The initiative is aligned with World Bank Group’s Country Partnership Framework for both Kazakhstan and Kyrgyz Republic, IFC’s Strategic Pillars for Water, Land, Small Farmers and Animal Protein, and Kazakhstan’s and Kyrgyz Republic’s governments’ priorities to increase higher value-added agriculture production to substitute imports and promote exports and to improve farmer productivity indicators.

E & S Information

IFC's funding, along with contributions from Almoiz, will be allocated to various purposes, including financing Environmental and Social (E&S) studies. The studies will be aimed at reviewing national E&S regulatory environment for Kazakhstan and/or Kyrgyz Republic and identify gaps against key requirements of the IFC Performance Standards (PS) and potential E&S bottlenecks to develop new sugar beet production and operations, with special attention to labor and supply chain.