Turkey, Kazakhstan sign investment agreements

Turkey, Kazakhstan sign investment agreements

ASTANA
Turkey, Kazakhstan sign investment agreements

Turkish and Kazakh companies signed on Sept. 9 investment agreements worth $590 million, according to Kazakhstan’s Prime Ministry.

Kazakhstan’s national company Kazakh Invest and Turkey’s private companies including Çalık Holding, Yıldırım Holding, Yıldızlar SSS Holding and Agrobest Group made agreements with the efforts of the Embassy of Kazakhstan in Ankara, said a written statement from the ministry.

According to the statement, the agreements cover a range of fields, including construction materials, machine production, energy, metallurgy and chemical manufacture.

In the last five years, Turkish companies carried out 18 investment projects worth $667.5 million in Kazakhstan. 

Ten more projects will be implemented in the upcoming period, it added. 

The statement also said Turkey’s investments in Kazakhstan had reached $2.1 billion so far in total, with $925.1 million alone in the first half of 2017.