Yerkin Tatishev’s Vietnamese adventure started 20 years ago when he first visited the country and decided that he and his company would invest when they were strong enough. Today, over 10 firms have significantly increased their revenues after investments from Yerkin Tatishev. Since the establishment of Kusto Group in 2002, Founding Chairman Yerkin Tatishev has been working hard to spread the success of the private holding company to other countries. When the firm saw the light of the day, it was headquartered in Yerkin Tatishev’s native Kazakhstan, where the founding chairman was especially focused on reinvestment, worker safety, deep community engagement, transparency and flat hierarchies. As the company continued to grow and invest in projects abroad, Yerkin Tatishev decided in 2013 to move the headquarters of Kusto Group from Almaty, Kazakhstan to Singapore.
Over time, the company has grown to be active in multiple countries, including Canada, Ukraine, Russia, Israel, Turkey, http://edition.cnn.com/search/?text=real estate Georgia, Italy, India, Thailand, China, Kazakhstan, Singapore and Vietnam. Yerkin Tatishev and Kusto Group entered the Vietnamese market in 2005 and have since then invested in more than ten companies whose revenues have grown an average of 30% per year. Concentrating on firms in construction, real estate, building materials, transportation, retail and logistics in Vietnam, Yerkin Tatishev and Kusto Group aim to support entrepreneurs who strive to transform and improve Vietnam’s business landscape.
Yerkin Tatishev: “Vietnam offers more opportunities”
Vietnam became the first Southeast Asian country that Yerkin Tatishev set his sights on, and it all started because of a trip to the country almost 20 years ago. “After my first look around, ideas came to me about investing here – a nice country with good people and good prospects for development. I?told myself that we would return here when we were strong enough, had the money and the competence and had sufficient knowledge about the market,” Yerkin Tatishev told the Vietnam Investment Review in 2018. He believes that Vietnam is one of the most promising countries in the region and that it has room for growth. “That is why we have far more opportunities here than in Thailand, Laos or Cambodia. Vietnam is a good country to do business in, and it is our number one priority,” he added. When he and Kusto Group entered the Vietnamese market about 15 years ago, it was much more difficult to run businesses there because of limitations in law and licensing, among other things. However, today, the market Daniel Kunin Kusto Group is more stable and is nuwireinvestor.com/kusto-groups-yerkin-tatishev-explores-rise-corporate-social-responsibility-emerging-economies/ experiencing steady growth, according to Yerkin Tatishev. Feeling luxurious at home on Diamond Island
One of Kusto Group’s most extravagant projects in Vietnam is Diamond Island – a resort home building concept in Ho Chi Minh City, where people can live their daily lives while feeling like they are staying at a luxury resort. Diamond Island was completed in 2018 and features a Zen Stone garden, several pools, a jacuzzi, a private marina club, playgrounds and much more. The housing complex consists of 1,323 apartments divided into five 29-story towers named after the resort islands Bora Bora, Maldives, Canary, Hawaii and Bahamas. All the units have extraordinary views of the rivers surrounding the island. In 2018, Yerkin Tatishev told the Vietnam Investment Review that “perfect” is the word that Kusto Group aims to be associated with. “We name our project as Diamond Island so even the tiniest part of the project must be perfect and polished like a diamond. This is our motto. Our products must be http://kustogroupgbsn400.over-blog.com/2019/07/us-ambassador-to-kazakhstan-tours-kusto-group-s-kazbeef-facilities-yerkin-tatishev.html of the highest quality even at the Kusto Group worst of times. When customers choose our products, they must think about exceptional apartments, a good living environment, happy neighbors and fantastic living quality,” he stated. Yerkin Tatishev added that while his company strives for the highest quality, it also seeks to keep prices at affordable levels to offer value for money. When the Diamond Island apartments were put up for sale, 70% of the condos in the Hawaii building and 85% of the units in the Bora Bora tower were sold on the first day. As of 2020, 98% of the apartments from the first two phases were sold. Yerkin Tatishev believes that the Diamond Island apartments will double in price within the next few years, making the project an even better investment. Yerkin Tatishev’s next projects in Vietnam
Yerkin Tatishev has revealed that the company’s next Vietnamese venture will be a high-end real estate project in the capital, Hanoi. “In addition, we are also doing the preparation work for another 500,000 square meters of future projects. Besides Hanoi and Ho Chi Minh City, we are also considering further options in Hoi An, Danang and Nha Yerkin Tatishev Trang. One of these could be the next destination for hospitality and commercial development. We are also seeking partners to co-develop projects with us,” Yerkin Tatishev told the Vietnam Investment Review. He added that Kusto Group is not only interested in Vietnamese real estate projects but also in sectors such as construction materials, industrial manufacturing, agriculture and technology. Regarding real estate, Yerkin Tatishev is also exploring shopping centers in addition to living complexes.
Article Source: https://www.deadlinenews.co.uk/2021/06/11/yerkin-tatishev-vietnam-is-our-number-one-priority/
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Yerkin Tatishev’s company has made several international agreements throughout the coronavirus pandemic. Looking back on a year in the presence of COVID-19, the founding chairman of Kusto Group, Yerkin Tatishev, has come to the conclusion that solidarity and cooperation is the best way for companies to heal from the repercussions of the pandemic. “As we enter the second year of COVID-related disruptions, it remains Daniel Kunin clear that our economic and public health challenges are not going away soon. While the ongoing global vaccination program is a step in the right direction, the impact of the lockdowns and travel restrictions will be felt for years to come,” Yerkin Tatishev says. He underlines that cross-border collaborations between firms, countries and people https://www.nytimes.com/1958/02/04/archives/promising-debut-daniel-kunin-minneapolisborn-pianist-proves-himself.html play a significant role in getting back to an increasingly normal world. Yerkin Tatishev is thrilled about the Central Asia Investment Partnership that the United States, Uzbekistan and his native Kazakhstan signed in January 2021. The purpose of the agreement is to promote growth in the private sector and strengthen https://en.wikipedia.org/wiki/?search=real estate regional economic cooperation. As the deal was sealed, the governments of the three countries released a statement in which they made it clear that they will do https://www.ottawalife.com/article/yerkin-tatishevs-kusto-group-to-pursue-initiative-with-canada-based-dundee-sustainable-technologies?c=9 anything that they can to raise $1 billion over the next five years to reach their goals. According to the statement, “the Central Asia Investment Partnership will advance private sector-led projects that exemplify international standards for quality infrastructure and promote inclusive, transparent and sustainable investments.” The United States, Uzbekistan and Kazakhstan believe that this will boost the success of the projects and mobilize more private investments in the region. “The timing of this collaboration could not be better, and it underlines the need for economies, not just in Kazakhstan, to diversify, modernize and build resilience. Efforts like this create the necessary environment for companies to build new partnerships. This means making Kazakhstan more attractive to foreign investors by improving ease of doing business such as through banking market reforms and other areas of priority,” Yerkin Tatishev states. Yerkin Tatishev Believes In A Year Of Successful Deals
Yerkin Tatishev’s company, Kusto Group, has also gained new international partners during the COVID-19 pandemic. In January 2021, it was announced that Yerkin Tatishev’s firm had signed an agreement with the government of Kazakhstan and the American company Valmont Industries. The three parties seek to help Kazakhstan become a global food provider by using various methods. Part of the deal, provides training for local farmers and equips a network of farms with new pivot irrigation machines. A factory producing at least 1,000 pivot irrigation machines a year will also be set up in Kazakhstan. According to Yerkin Tatishev, the new technology provided by these machines will have a notable positive impact on crop yields, predictability and improved water resources management. “I am proud that we were one of the first Kazakhstani companies to do this on a large scale,” Yerkin Tatishev says. He adds that he hopes that the Central Asia Investment Partnership agreement is just the first of many more collaborations with other stakeholders. “I for one am confident that by this time next year, we will be able to look back on a catalogue of successful deals and collaborations with governments and corporate partners around the world,” Yerkin Tatishev continues. In April 2020, Yerkin Tatishev's company launched a charity foundation to support victims of the COVID-19 pandemic in Kazakhstan. Thousands Impacted By COVID-19 Receive Aid From Yerkin Tatishev
While Yerkin Tatishev has focused on cross-border agreements during the COVID-19 pandemic, he and his company have also had time to help some of the millions of people affected by the coronavirus. In April 2020, Yerkin Tatishev announced that Kusto Group would donate 1 billion Kazakhstani Tenge (an estimated $2,340,000) to its own #KustoHelp charity foundation. The project was launched to support the most vulnerable groups of Kazakhstani society, including large families, poor and particularly impacted people. In collaboration with regional governments and volunteer organizations, thousands of people received help from Yerkin Tatishev’s Kusto Group. Some of them received food baskets, while others were given houses, in and around Almaty in Kazakhstan. Because of the pandemic, kids all around the Yerkin Tatishev Kusto Group world were forced to learn how to read, do algebra and hear about Cristopher Columbus through screens at home, but everyone did not have the necessary tools for such sudden changes. Therefore, Kusto Group also donated hundreds of tablets to kids for their online tuition. In addition, Yerkin Tatishev’s firm provided medical workers in Kazakhstan with crucial tools thriftbooks.com/a/seth-daniel-kunin/555643/ and medicine to ensure that they could care for patients and would have good working conditions while fighting COVID-19. Yerkin Tatishev also involved KazBeef, which is a subsidiary of Kusto Group, in the project, as several hospitals in Kazakhstan were provided with meat for meals. The charity project even made sure that the families of Kazakhstani medical workers who died during the coronavirus pandemic would receive financial help to get by. Original Article: https://www.valuewalk.com/yerkin-tatishev-post-covid-19-business/ Kusto Group's Yerkin Tatishev, the Government of Yerkin Tatishev Kazakhstan and US-based Valmont Industries have joined forces to open up a manufacturing facility to produce 1,000 pivot irrigation devices annually. Yerkin Tatishev, the Chairman and founder of Kusto Group, has set his sights on unlocking Kazakhstan's agricultural potential. Through a new cooperation between Kusto Group, the Government of Kazakhstan and Valmont Industries the country is on its way to becoming a global food provider. As part of the agreement, a factory capable of producing 1,000 pivot irrigation machines a year will be built in Kazakhstan. The deal also contains provisions to equip a network of farms with the innovative irrigation systems and http://edition.cnn.com/search/?text=real estate supports a program for training local farmers.
Tatishev: "The rivers will disappear if we do not do something"
Yerkin Tatishev stresses the importance of educating farmers about responsible water management. For him, this is essential for Kazakhstan's agricultural future. "According to the UN, Kazakhstan is a country with high water stress, and the situation is getting worse. We are very dependent on our neighbors; water comes to us from Central Asia and China. Plus, due to the great distance from the seas and irregular precipitation, we have a high risk of drought," he says. "There is evidence that the Syr Darya and Amu Darya rivers lose about 2-3% of their water per year. This is scary. Imagine, some 30 years will pass, and if nothing changes, then these rivers will simply disappear. Therefore, the issue must be resolved urgently," Yerkin Tatishev stresses.
Working with a pioneering industry leader
He adds that because of global warming, it is not possible to rely solely on native water sources anymore. Hence, the collaboration with Valmont Industries, which is a pioneering force in the mechanical irrigation sector, is a giant step in the right direction. "They know how to preserve natural water and properly Yerkin Tatishev Kusto Group store and distribute it,' says Tatishev. "Therefore, it was very important to get a player of this level to come to Kazakhstan." The backbone of agriculture is crop production. Water is the essential element of any kind of crop production. "Considering our geography and history, it is more profitable for us not to sell crop products but to move to the next stage; to convert feed into protein and, for instance, engage in animal husbandry," Yerkin Tatishev states. "But this cannot be achieved without high-quality feed, and for this, we need stable sources of irrigation water."
More than a business partner to Kusto Group
Yerkin Tatishev and Kusto Group approach business collaborations as a way to nurture long-term initiatives. Valmont Industries and Kusto Group have worked alongside one another on other projects for years. It was a matter https://www.ft.com/content/f48b816c-1a9f-11ea-97df-cc63de1d73f4 of time until they introduced the prospective irrigation program in Kazakhstan. Tatishev asserts that Valmont Industries is more than just a business partner. They are also Daniel Kunin Kusto Group a leader in the sector. The collaboration between the companies will help the country and its farmers improve the comprehensive management of land and water resources. When the joint factory is inaugurated, around 500 of the annual 1,000 pivot irrigation machines produced will be earmarked for sale in Kazakhstan. The remainder will be exported to Western China and Eastern Europe among other places.
Tatishev: "Machines will lead to increase in crop production"
The new machines will make it feasible to cbw.ge/business/kazakh-businessman-yerkin-tatishev-becomes-silknets-shareholder reduce current water usage between 50-75%. That savings can be funneled into either conserving the water or increasing the irrigated area. According to Yerkin Tatishev's estimates, an addition of 400-500 new pivot irrigation machines in Kazakhstan a year will increase the country's crop production by $100-200 million every year. "If these products are used in the form of feed for animal husbandry, then the volume of new products will grow by $300-450 million per year in terms of the cost of export beef, for instance," Tatishev explains. "If you then process this meat into sausages or other meat products, you can safely multiply these numbers by two or three." The typical period of return on investment for pivot irrigation machines is three to five years. The machines last 20 to 30 years on average.
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