ASTANA (TCA) — Chairman of the Board of Kazakh Invest national company for investment support and promotion, Saparbek Tuyakbayev, paid a working visit to Turkey on February 23-24, where he met with leaders of six major Turkish companies — KOÇ Holding, YILDIZLAR SSS Holding, YILDIRIM Holding, KİBAR Holding, SABANCI Holding, and DAL Holding Investment, the official website of the Prime Minister of Kazakhstan reported.
Kazakh Invest offered the Turkish companies 47 large investment projects in priority sectors of Kazakhstan’s economy.
The above mentioned 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 for expanding production capacities and sales markets to Eurasian Economic Union (EEU) countries and China.
An agreement was reached with KOÇ Holding on the production of tomato and canned products in Kazakhstan’s Kyzylorda region. The company also expressed interest in a project for production of liquefied petroleum gas.
YILDIRIM Holding is starting 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, and exploration of solid minerals in the East Kazakhstan region with an investment of $10 million.
KIBAR Holding decided to participate in the project for production of sandwich panels in the Mangistau region.
The management of Dal Holding decided to participate in the project for extraction and processing of barite ores and concentrates in the Zhambyl region of Kazakhstan.
Also, 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 Kazakhstan in Turkey.
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 2018, representatives of 15 largest food companies in Turkey will visit Kazakhstan to study the market and meet with business partners.
