International IFPA and “FRUIT ART” LLP signed an agreement

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International Islamic Food Processing Association (“IFPA”) and Fruit Art Limited Liability Partnership (“Fruit Art”) held a bilateral meeting to sign a Corporate Membership Agreement.

Fruit Art is an export-oriented fruit and berry cluster set to drive the development of this industry beyond the domestic market through innovative deep processing technologies. The Chairman of Fruit Art, Ms. Aiman Tursynkhan delivered a very informative presentation about the current fruit and berry growing sector in Kazakhstan. She mentioned: “horticulture is now one of the most promising crop production areas with a significant potential for import substitution. Support measures by investors will facilitate this sub-industry development with subsidies to reimburse part of the costs for perennial fruit and berry plantations, preferential investment, and short-term lending. We are committed to continuous innovation and developing sustainable practices in the industry and working very closely with IFPA”.

The Director General and CEO of IFPA, H.E. Sheikh Bilal Khan welcomed the Fruit Art company for joining IFPA as a Corporate Member and expressed that: “IFPA is very interested to establish a business partnership with such an important corporate member especially in developing bespoke projects and creating tailored services in fruit and berry clusters focusing mainly on the engagement and enhancement of investments related to the use of Islamic finance, investment funds, Shariah structuring, and other Islamic investment instruments with the overall aim to grow its domestic and regional market share and export to relevant OIC markets”.