Kazakhstan holding investment week in Turkey

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ASTANA (TCA) — On May 7-12, Istanbul is hosting Kazakhstan’s Investment Week, which includes negotiations with the largest Turkish companies on cooperation in the spheres of industry, construction, medicine, and textile production, the official website of the Prime Minister of Kazakhstan reports.

During the week, the Kazakh delegation, led by Vice Minister for Investment and Development Arystan Kabikenov, met with the leadership of the largest industrial groups in Turkey, including Yildirim Holding and Calik Holding, which include such companies as Calik Enerji and Lidya Madencilik.

During the meeting, representatives of Calik Holding expressed their readiness to implement projects in Kazakhstan. At the first stage, the company intends to begin construction of a solar power plant with a capacity of 50 MW and consider the possibility of further expansion of investments in Kazakh renewable energy projects.

The management of Yildirim Holding also expressed their interest in the implementation of projects in the mining and metallurgical sector in Kazakhstan. An agreement was reached between the holding company and Qazgeology JSC on the establishment of a joint venture for geological exploration for solid minerals in Kazakhstan.

In total, the parties are currently working on five projects. Also, in the summer of this year the holding plans to start geological exploration in Kazakhstan’s Zhambyl region.

Members of the Kazakh delegation also met with Eczacıbaşı Holding, a producer of medicines and consumer goods, and Bak-Ay Tekstil, a leading yarn and knitted goods producer, which also showed interest in setting up factories in Kazakhstan.

Sergey Kwan

TCA