Kazakh PM encourages Turkish business development

NUR-SULTAN – Kazakh Prime Minister Askar Mamin met Sept. 13 with Turkish-Kazakh Business Union (TÜKİB) representatives headed by board chair and Eksen Group owner Firat Develioglu to discuss strengthening cooperation between the countries’ business structures and implementing new joint investment projects in Kazakhstan.

Photo credit: government.kz.

“Turkey is among Kazakhstan’s top ten major trading partner countries. According to the 2018 results, the trade turnover between our countries was more than $1.9 billion. Over the first seven months of this year, the volume of mutual trade grew by 73.5 percent compared with the same time period in 2018. We highly value the participation of Turkish companies in the implementation of economic projects in Kazakhstan. Our common task is to increase the investment cooperation level,” said Mamin.

He encouraged the Turkish business industry to create export-oriented enterprises in agriculture, light industry and construction materials.

TÜKİB representatives, with the participation of Turkish Ambassador to Kazakhstan Nevzat Uyanık and Embassy trade counsellor Selchuk Oktay, made recommendations regarding amendments to Kazakh legislation. The suggestions are important to improving the investment climate in the country and exchanging experience about implementing public private partnership projects and acute issues concerning their investment and entrepreneurial activity in Kazakhstan.

Kazakh Deputy Prime Minister Zhenis Kassymbek, Minister of National Economy Ruslan Dalenov and Deputy Foreign Minister Yermek Kosherbayev also attended the meeting.

A business forum will be held Nov. 11 in Ankara as part of the Kazakh-Turkish intergovernmental commission meeting.

Approximately 2,200 enterprises operate in various fields in Kazakhstan with the participation of the Turkish capital. Thirty-four large-scale investment projects worth $1.6 billion have been implemented with Turkey in the pharmaceutical, electronic device, soft drinks and confectionery product areas. Sixteen projects worth $2.2 billion are being implemented in construction and mineral processing.

TÜKİB was founded in early 2016, marking the 25th anniversary of Kazakh-Turkish diplomatic relations and Kazakhstan’s independence. The union brought together prominent Turkish and Kazakh companies in the Kazakh market such as Abdi İbrahim Global Pharm, Ahsel Holding, Anadolu Group (Anadolu Efes, Coca Cola, Ramstore), Bureau Veritas, Doğuş Holding, Eczacıbaşı, Forum Almaty, Gantek Solutions, Gürçelik, Hitachi Kazakhstan, Kassanov Group, Kazstroypodryad, Wyndham Hotel Group and Zorlu Holding.

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