Kazakhstan and Türkiye Forge $180 Million Investment Deals
During a recent working visit to Ankara, Prime Minister Olzhas Bektenov of Kazakhstan and Turkish officials focused on bolstering bilateral cooperation, targeting the advancement of new industries in line with President Kassym-Jomart Tokayev's mandate to accelerate Kazakhstan's economic growth.
The visit saw productive discussions between Bektenov and Turkish leaders, including the Turkish Republic’s head, as well as meetings with major Turkish companies to explore investment opportunities.
At the Kazakh-Turkish business forum, Bektenov underscored his commitment to supporting vital projects and highlighted promising sectors such as petrochemicals, coal chemistry, and mechanical engineering, with an emphasis on enhancing production localization and diversifying equipment models.
In a significant outcome, ten commercial agreements totaling over $180 million were inked during the business forum. These agreements encompass diverse areas including the export of finished products, the establishment of a logistics hub, and the construction of factories for soda ash, sprinkler equipment, and nonwoven materials. Additionally, agreements were reached on seed production practices and the potential for seed supply.
The signed contracts represent a substantial step forward in the investment cooperation between Kazakhstan and Türkiye, signaling a mutual commitment to fostering economic development and deepening bilateral ties.
