Kazakhstan expands investment cooperation with leading Turkish holdings

Istanbul, March 18, 2021– On the second day of his official visit to Turkey, Deputy Prime Minister - Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi visited Istanbul, where he held several meetings with representatives of the Turkish business community.

During the negotiations with the heads of 7 leading Turkish holdings, Koc Holding, Yildirim Holding, TAV Holding, Calik Holding, Kibar Holding, Atabay and Goknur Gida, the parties discussed the issues of investment cooperation in the fields of food industry, mechanical engineering, mining and metallurgical industry, infrastructure, information and communication technologies, chemical industry and pharmaceuticals.

The Foreign Minister said that Kazakhstan attaches great importance to the development of trade, economic and investment relations with Turkey. "We are ready to provide comprehensive support to Turkish investors. Each project is especially important for the development of our state and the further expansion of the Kazakh-Turkish strategic partnership, " Tileuberdi stated.

In turn, the heads of Turkey's leading holding companies stressed that Kazakhstan is an attractive investment destination for them and made specific proposals for the implementation of their projects in Kazakhstan. In particular, these proposals included increasing the number of types of investment preferences, addressing infrastructure issues, further improving the work of industrial and special economic zones, training of personnel, and other important areas.

The volume of planned investments of these holdings in Kazakhstan in the medium term will amount to more than 1 billion US dollars.

In addition, Mr. Tleuberdi held a working breakfast with Turkish companies, which planned to launch 10 new production facilities in Kazakhstan this year. Turkish businesses plan to implement projects in the field of mechanical engineering, medical devices, food industry, infrastructure, mining, as well as housing and communal services.

Turkish companies were provided with detailed information about Kazakhstan's investment opportunities, state measures to further improve the business environment, and the most promising industries in the framework of export support, privatization and public-private partnership. The businessmen commended and expressed gratitude for the measures the Kazakh government has taken to support investors.

Mr. Tileuberdi also visited the new office of the Secretariat of the Turkic Council, where he and Secretary General of this organization Baghdad Amreyev discussed the preparations for the informal summit of the Cooperation Council of Turkic-speaking States in Turkestan scheduled for March 31.

At the end of his visit, the Kazakh Foreign Minister took part in the ceremony of unveiling of the bust of the great Kazakh poet and thinker Abai, and also visited the school named after him. The ceremony was attended by Mayor of Istanbul Ekrem Imamoglu and Omer Arısoy, the Mayor of the Zeytinburnu district, where this school is located and the Kazakh diaspora is concentrated.