Swiss Firm to Expand Caviar Production in Kazakhstan
Swiss Choice Holding to Invest in Fish Farm Project on Caspian Sea Coast
Swiss Choice Holding has announced plans to invest in a fish farm project on the Caspian Sea coast, with the goal of producing 100 to 600 tons of sturgeon and 100 tons of caviar annually. The decision was made during a meeting between company representatives and Mangystau Region Governor Nurdaulet Kilybai on Feb. 12.
According to reports from the regional administration’s press service, the construction of the facility is set to cost 5.7 billion tenge (US$11.3 million) and is scheduled to commence in the first quarter of 2025, with operations slated to begin in 2026.
The farm will initially produce 100 tons of fish in its first stage, with the administration allocating 56 hectares in the Tupkaragan District for the project. The establishment of the farm is expected to create nearly 30 new jobs, and the company aims to cater to both the domestic market and export its products abroad.
This investment is a significant step towards boosting the local economy and providing employment opportunities in the region. The project is poised to contribute to the development of aquaculture in the area and meet the growing demand for sturgeon and caviar in both domestic and international markets.
