Kazakhstan to receive $1.7 billion of investments from Turkey

Within the framework of Kazakhstan and Turkey Investment Forum in Ankara, 24 commercial agreements were signed on investment and trade-economic cooperation between the two countries.

The projects with a share of Turkish capital are aimed first of all at the development of non-resource sector of the country economy. Besides they will provide more than 3,000 jobs.

“Today Turkey takes the second place in the number of companies with foreign capital share. Growing number of Turkish companies in our country is one of the basic factors contributing to exchange of capital, best practices and technologies between our countries,” stated the First Deputy Prime Minister of Kazakhstan Askar Mamin, who opened Kazakhstan and Turkey Investment Forum.

Kazakh and Turkish companies have signed 24 commercial documents in the total amount of around $1.7 billion. The documents are aimed at realization of different investment projects. Thus, for example, in Zhambyl region it is planned to build a factory for production of soda ash (Na2CO3), which is used in metallurgical, chemical and glass making industries, with total cost of $270 million with creation of 350 jobs.

“The Qazaq Times”