Nazarbayev urges Turkish companies to invest in Kazakhstan

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ASTANA (TCA) — Kazakhstan President Nursultan Nazarbayev during his visit to Turkey met with the heads of the largest Turkish companies in Ankara on September 13, Kazakh Invest National Company for Investment Support and Promotion reported.

Speaking to the representatives of the Turkish business, the President of Kazakhstan noted the positive dynamics of trade and economic cooperation between the two states.

Relations between Kazakhstan and Turkey are based on mutual friendship, brotherhood and trust. Turkey is one of the top ten trading partners of Kazakhstan. The trade turnover between the two countries increased by 27% in 2017 and amounted to almost 2 billion US dollars, said President Nazarbayev.

He also emphasized the possibility of participation of foreign investors in the Kazakh Program of privatization and implementation of innovative projects in the agro-industrial sector.

Nazarbayev also invited Turkish businessmen to take part in the work of innovative clusters created on the basis of the Nazarbayev University and the Park of Innovative Technologies, as well as to consider the prospects for implementing joint projects in the tourism industry.

On September 12, during the Kazakh-Turkish investment forum, 24 documents were signed between the business representatives of the two countries amounting to $1.7 billion. This is a clear example of our mutual trust and cooperation, Nazarbayev stressed.

Turkey has invested more than 3 billion US dollars in Kazakhstan since 1991. In Kazakhstan, there are about 2,000 enterprises with the participation of Turkish capital.

Sergey Kwan

TCA