Chairman of the Board of Kazakh Invest NC, Saparbek Tuyakbayev, paid a working visit to the Republic of Turkey on February 23-24, where he met with the leaders of six major Turkish companies — KOÇ Holding, YILDIZLAR SSS Holding, YILDIRIM Holding, KİBAR Holding, SABANCI Holding, DAL Holding Investment.

Kazakh Invest offered Turkish businessmen 47 large investment projects in Kazakhstan's priority sectors of the economy.

These holdings are large transnational companies with a total annual turnover of about $150 billion. Turkish businessmen expressed interest in implementing investment projects in Kazakhstan, noting the strategic location of the country to expand its production capacities and sales markets to the EAEU countries and the PRC.

For example, an agreement was reached with KOÇ Holding on the production of tomato and canned products in the Kyzylorda region. The company also expressed an interest in participating in a project for the production of liquefied petroleum gas.

YILDIRIM Holding is starting the implementation of projects on exploration of solid minerals jointly with Qazgeology JSC for $10 million, as well as for the production of soda ash in Zhambyl region, the amount of investments will be $220 million.

Yildizlar SSS Holding has agreed to implement three projects in the first half of the year: the construction of a gas-piston power plant with a capacity of 138 MW in conjunction with the Baikonur SEC for $50 million, the production of ceramic slabs with a capacity of 10 million m2 for $128 million in Kyzylorda region, exploration of solid minerals in the East Kazakhstan region with an investment of $10 million.

KIBAR Holding decided to participate in the project for the production of sandwich panels in Mangistau region.

The management of Dal Holding decided to participate in the project for the extraction and processing of barite ores and concentrates in the Zhambyl region.

Also these days, an investment forum with members of the Turkish Independent Association of Industrialists and Entrepreneurs (MUSIAD) was held in Ankara with the support of the Embassy of the Republic of Kazakhstan in Turkey. This organization has an extensive business network in Turkey and abroad, the total number of members is more than 11 thousand.

At the forum Kazakh Invest presented Kazakhstan's investment opportunities, measures of state support in the form of preferences for foreign investors.

The head of MUSIAD Ilhan Erdal stressed that Turkish business is interested in building close economic ties with Kazakhstan. It was agreed that in March 2017 representatives of the 15 largest food companies in Turkey will be sent to Kazakhstan to study the market and meet with business partners.

 

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