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  • Kazakhstan expands investment cooperation with leading Turkish companies

Kazakhstan expands investment cooperation with leading Turkish companies

19 March, 2021 12:31
Kazakhstan’s Deputy Prime Minister and Foreign Minister Mukhtar Tileuberdi met with top management of leading Turkish holdings as part of his official visit to Turkey on March 16-18, reports Strategy2050.kz

Tileuberdi met with the heads of seven leading Turkish holdings - Koc Holding, Yildirim Holding, TAV Holding, Calik Holding, Kibar Holding, Atabay and Goknur Gida. The sides discussed investment cooperation in the food industry, mechanical engineering, mining and metallurgy, infrastructure, information and communication technologies, chemical industry and pharmaceuticals.

Tileuberdi said that Kazakhstan attaches great importance to the development of trade, economic and investment ties with Turkey.

"We are ready to fully support Turkish investors. Each project has special importance for the development of our state and further expansion of the Kazakh-Turkish strategic partnership," he said.

Turkish companies emphasized that Kazakhstan is an attractive destination in terms of investments for them and put forward proposals for implementation of their projects in Kazakhstan. These include the increase of types of investment preferences, addressing infrastructure issues, improvement of industrial and special economic zones, training of staff, among other important areas.

The volume of planned investments of these companies n Kazakhstan in the medium term will amount to more than $1 billion.

The foreign minister also met with Turkish companies that [plan to launch 10 production facilities in Kazakhstan this year. Among them are projects in mechanical engineering, medical products, food industry, infrastructure, mining, housing and communal services.

The Turkish companies were briefed on investment opportunities in Kazakhstan, the measures taken by the state to improve the business environment, as well as on the most promising industries within export support, privatization and public-private partnerships. They commended the efforts of the Kazakh government to support investors and expressed gratitude for their support.