Turkey ready to invest $5 billion in Kazakhstan

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ASTANA (TCA) — The Atameken National Chamber of Entrepreneurs of Kazakhstan and the Confederation of Entrepreneurs and Industrialists of Turkey on November 22 held a meeting of Chairperson of the Council of Businesswomen of Atameken, Lazzat Ramazanova, and President of the Confederation of Entrepreneurs and Industrialists of Turkey Nezaket Emine Atasoy, Atameken reported.

“We have come to strengthen trade relations between our countries. The Confederation of Entrepreneurs and Industrialists of Turkey operates in 100 countries around the world. We have branches in Africa and countries of Asia. We work not only in industrial and manufacturing areas, we are also involved in all sectors of the economy,” said Nezaket Emine Atasoy.

During the meeting Yuliya Yakupbaeva, Deputy Chairperson of the Atameken Board, spoke about possible areas for cooperation.

“There is a very large Turkish capital in Kazakhstan. The hotel chain Rixos is the first five-star hotels in the country, working in 4 regions. Also in medicine there are large companies and pharmaceutical plants. We are developing medical tourism. Kazakhstani students receive education in Turkey. Atameken has compiled a pool of 40 projects in the tourism industry. I think they will be interesting for investing in the Republic of Turkey,” said Yakupbaeva.

During the meeting, Lazzat Ramazanova and Nezaket Emine Atasoy signed a protocol of intentions between the National Chamber of Entrepreneurs of Kazakhstan and the Confederation of Entrepreneurs and Industrialists of Turkey.

Ramazanova noted that within the framework of the protocol, investments in the amount of 5 billion USD will be attracted to Kazakhstan. The Turkish side added that the investments will be issued at 1.5%.

The protocol involves the exchange and dissemination of information and publications regarding trade, assistance in economic cooperation related to the foreign trade of the two countries, and the holding of a joint event for business development.

Sergey Kwan

TCA