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    Kazakhstan

    Kazakhstan ambassador spearheads Istanbul conference for investment growth

    Kazakhstan ambassador spearheads Istanbul conference for investment growth

    To bolster economic ties and attract foreign investments, the Ambassador of Kazakhstan to Türkiye, Yerkebulan Sapiyev, spearheaded a conference in Istanbul, the Ministry of Foreign Affairs reported. Attended by over 50 prominent Turkish business conglomerates, the event shed light on Kazakhstan's revamped strategies to enhance its investment climate.

    Photo: Turkish businesses gather to explore investment opportunities in Kazakhstan
    Source: Ministry of Foreign Affairs of Kazakhstan

     

    Key focal points of the conference included initiatives aimed at stimulating regional investments, streamlining tax and customs procedures, and broadening access to financial resources for foreign investors within Kazakhstan's borders.

    Addressing the gathering, Deputy General Director of Alarko Holding, Abbas Sahin, commended Kazakhstan's progressive policies, highlighting the nation's consistent economic growth. Sahin revealed that Alarko Holding had already executed 18 contract projects in Kazakhstan, amounting to a substantial $2.6bn investment. Additionally, he unveiled plans for the Holding to inject a further $650mn into Kazakhstan's agro-industrial sector over the next five years.

    Yusuf Aydemir, CEO of Iskefe Holding, announced the groundbreaking gelatin production project in Almaty, marking a significant milestone as the first of its kind in Central Asia. Aydemir expressed Iskefe Holding's eagerness to continue investing in Kazakhstan, particularly in a leather processing venture.

    Photo: Turkish investors applaud Kazakhstan's efforts to enhance investment climate
    Source: Ministry of Foreign Affairs of Kazakhstan

     

    The conference boasted participation from esteemed Turkish entities such as Yildiz Holding, Abdi Ibrahim, MFA Maske, and Borusan Holding, all of which have successfully implemented investment endeavors in Kazakhstan. Notably, companies like Eczacibasi Holding, Tiryaki Holding, and Betek Boya are currently engaged in fruitful investment projects in the country.

    Furthermore, representatives from Fatinoglu Holding, Albayrak Grubu, Calik Holding, and other prominent groups showcased their commitment to developing promising projects in Kazakhstan.

    Post-conference, Turkish investors hailed Kazakhstan's efforts to bolster investment attractiveness, affirming their keenness to deepen collaborative ventures with the Central Asian nation. Notably, Turkish companies have outlined plans to roll out various projects in Kazakhstan spanning industries like gluten and starch production, greenhouse construction, paints and varnishes manufacturing, as well as the production of copper wire and non-woven materials.

    Nuriddin Amankul, the Consul General of Kazakhstan in Istanbul, lauded the strengthened ties with Turkish investors and reiterated the consulate's unwavering support for fostering robust bilateral partnerships.

     

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    18.03.2024, 10:00   Comments (0)   1862
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