Eren Holding, a prominent Turkish conglomerate, is considering potential investment projects in Kazakhstan, marking another significant step in the growing economic cooperation between the two nations. Discussions regarding these potential ventures took place between Prime Minister Alikhan Smailov of Kazakhstan and Ahmet Eren, the head of Eren Holding.
During the talks, Prime Minister Smailov expressed his appreciation for Eren Holding's interest in investing in Kazakhstan. He noted that there are already over 4,000 companies with Turkish capital operating within Kazakhstan. These companies have made substantial contributions to sectors such as mining and metallurgy, infrastructure development, the food industry, and pharmaceuticals.
"I am confident that the existing level of trust between our countries and our shared commitment to cooperation will open up new opportunities," Prime Minister Smailov stated.
Furthermore, Smailov highlighted the favorable conditions that Kazakhstan offers to investors. The country boasts a modern institutional environment and provides incentives such as customs duty exemptions, various tax benefits, and guarantees of tax legislation stability to facilitate investment in priority sectors.
In response, Ahmet Eren, the head of Eren Holding, expressed the holding's readiness to explore potential projects within Kazakhstan and make informed investment decisions.
"We are going to expand and consider new investment opportunities. These may be such spheres as paper production, energy, textile industry. We are also ready to invest in the mining and metallurgical complex. We have technologies that allow us to achieve high-quality of work. In this regard, we would like to jointly consider investment issues," said Ahmet Eren.
Concluding the meeting, both parties agreed to examine a pool of potential investment projects in Kazakhstan and maintain an active dialogue to address all relevant issues. This partnership underscores the increasing interest of Turkish investors in Kazakhstan and further solidifies the economic ties between the two nations, promising a brighter economic future for both parties involved.
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