Investment projects for $418mln implemented in Kazakhstan by Turkish companies - News | BNews

Investment projects for $418mln implemented in Kazakhstan by Turkish companies

27 February, 10:51 244
Investment projects for $418mln implemented in Kazakhstan by Turkish companies

An agreement on the production of potato and canned products in Kyzylorda region is reached with KOÇ Holding.

Chairman of the Board of the National company Kazakh Invest Saparbek Tuyakbayev on February 23-24 visited Turkey on a working visit, where he met with heads of the six largest companies of Turkey, says the website of the Prime Minister of Kazakhstan.

“The holdings KOÇ Holding, YILDIZLAR SSS Holding, YILDIRIM Holding, KİBAR Holding, SABANCI Holding and DAL Holding Investment are the largest transnational companies, the whole annual turnover of which comprises about 150 billion dollars. Turkish businessmen expressed interest in the implementation of investment projects on the territory of Kazakhstan noting the strategic place of the country for expanding their production capacities and markets to the EAEU states and China,” says the message published on Monday.

It is noted that an agreement with KOÇ Holding is reached on the production of potato and canned products in Kyzylorda region. The company also expressed the interest to participate in the project on the production of liquefied petroleum gas.  

YILDIRIM Holding, in its turn, starts the implementation of projects on the exploration of minerals jointly with “Kazgeology” for the amount of 10 million dollars, as well as on the production of soda ash in Zhambyl region, the total amount of investment is 220 million dollars.

According to the agreement, Yildizlar SSS Holding in the first half year will start the implementation of three projects, they are the construction of gas-piston power station with a capacity of 138 MW jointly with social entrepreneurial corporation Baikonur for 50 million dollars, the production of ceramic plates with a capacity of 10 million m2 for 128 million dollars in Kyzylorda region and the project on the expiration of solid minerals in East Kazakhstan region with an amount of investment of 10 million dollars.

KIBAR Holdingdecided to participate in the project on the production of sandwich panels in Mangystau region.

The leadership of Dal Holding decided to take part in the project of the production and processing of barite ores and concentrates in Zhambyl region.

At the investment forum in Ankara head of MUSIAD Ilhan Erdal underlined that the Turkish business is interested in the establishment of close economic ties with Kazakhstan. The agreement is reached that in March, 2017, representatives of the 15 largest companies of food industry of Turkey will be sent to Kazakhstan with the aim to study the market and to hold meetings with business partners. In turn, Kazakh Invest presented 47 large investment projects in the priority spheres for the republic’s economy to Turkish businessmen.

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