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New Kazakhstan-Turkish projects discussed during investment week in Istanbul

Negotiations are underway with the largest Turkish companies concerning cooperation in sectors of the industry, construction, medicine and textile manufacture with the assistance of the Embassy of the Republic of Kazakhstan to Turkey and NC “Kazakh Invest” JSC as part of the investment week in Istanbul on May, 7-12. Meetings are organized in order to boost the economic cooperation between the two countries.

The Kazakhstan delegation, chaired by the Vice-Chairman for Investment and Development of the Republic of Kazakhstan Arystan Kabikenov, includes representatives of the business-community, state agencies, national companies, etc.

During this week, the Kazakhstan delegation met with the leadership of the largest industrial groups of Turkey, including Yildirim Holding and Calik Holding which includes such companies as Calik Enerji and Lidya Madencilik.

During the meeting, representatives of Calik Holding noted their readiness to implement the projects in the territory of Kazakhstan. For instance, at the first stage, the company plans to start construction of a solar power plant with a capacity of 50 mW and to consider further expansion of investments into implementation of projects on renewable energy sources.

Also during the meeting, questions were raised over cooperation in mining, metallurgical and energy sectors.

The management of Yildirim Holding also expressed their interest in implementation of projects in the mining and metallurgical sector in Kazakhstan. An arrangement was reached between the Holding and “Kazgeology” JSC related to establishing a joint venture for geological prospecting of solid minerals.

In total, for today, five projects are under consideration by the parties. Also, this summer the Holding intends to begin geological prospecting in Zhambyl region.

Members of the delegation also met with Eczacıba Holding, a producer of medicines and consumer goods, as well as with Bak-Ay Tekstil, one of the leading companies in the yarn and knitting sector that is also interested in setting up factories in Kazakhstan.


For reference:

Calik Holding is one of the largest Turkish financial and industrial groups, operating in energy, construction, finance, mining and metallurgical and textile sectors, telecommunications.

Lidya Madencilik owns 20 % of Chyopler Gold Mine which is the second-largest gold mine of Turkey and 50 % of the prospecting portfolio together with Alacer Gold. The first gold mining in the mine was in December, 2010, and up to date almost 1,2 million ounces of gold has been produced.

Yildirim Holding is the fourth largest player in the world chromic industry, the Turkey’s largest producer of ammonia and nitrate calcinated fertilizer. The company operates in 11 sectors with an annual turnover of US $2,2 billion