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18 documents worth USD1.5 billion were signed at the Kazakhstan-Turkish Business Forum

The Kazakhstan-Turkish Business Forum was held in Istanbul under the chairmanship of the Prime Minister of the Republic of Kazakhstan Askar Mamin and Fuat Oktay, the Vice-President of the Republic of Turkey.

This event was held as part of the working visit of the Head of the Government of Kazakhstan to the Republic of Turkey.

Today, Turkey ranks second in terms of the number of operating foreign enterprises in Kazakhstan - over 2,400 enterprises with the participation of Turkish capital operate in the country.

For the first half of 2019, Turkey invested more than USD275 million in the economy of Kazakhstan, which is almost two times higher than the figure for the same period in 2018. In total, during the years of Independence of Kazakhstan, Turkish business invested USD 4 billion in the economy of the Republic.

The forum was attended by about 100 Kazakhstani and 500 Turkish representatives of official and business circles of both countries.

In his speech, A. Mamin noted that Kazakhstan and Turkey have great potential for increasing investment cooperation, calling on businessmen of the two countries to actively establish business contacts and implement mutually beneficial projects.

In turn, F. Oktay emphasized that over the years of Independence and the transition to the market economy, Kazakhstan managed to achieve great successes, ensuring stable economic development and favorable investment climate, and a high level of successful and effective relations between the Republic of Kazakhstan and the Republic of Turkey.

Additionally, 18 documents on cooperation in the field of agribusiness, mining and metallurgy, light and chemical industries, transport and infrastructure, engineering, healthcare, tourism, housing, the exchange of experience in PPPs, and the development of the financial market for a total amount of USD1.5 billion were signed on the sidelines of the forum.

In addition, representatives of the Kazakhstan delegation presented their capabilities on the sidelines of the forum, as well as held more than 200 working meetings and negotiations with potential partners on specially designated areas in the B2B and B2G format.

“Our company is a single negotiator on behalf of the Government of Kazakhstan in discussing the prospects and conditions for the implementation of investment projects. Today, KAZAKH INVEST, jointly with Turkish businessmen, is developing 16 projects in priority sectors of the economy for more than USD1.6 billion. We are ready to assist you for any further issues in 24/7”, said Baurzhan Sartbayev, the Chairman of the Board of NC KAZAKH INVEST JSC, as part of bilateral meetings with representatives of the Turkish side.

It is worth noting that the official events were held in the spirit of mutual understanding and trust, it was noted by the sides that the agreements reached and the decisions taken will serve the benefit of the peoples of Kazakhstan and Turkey.

The organizers of the Kazakhstan-Turkish Forum were the Ministry of Foreign Affairs of the Republic of Kazakhstan (Investment Committee, the Embassy of the Republic of Kazakhstan in the Republic of Turkey, the Consulate General of the Republic of Kazakhstan in the Republic of Turkey), NC KAZAKH INVEST JSC, and the Foreign Economic Relations Board of Turkey (DEİK).