Eurasian Star Business & Economy Kazakhstan and Turkey sign agreements worth over $490 million
Business & Economy KZ

Kazakhstan and Turkey sign agreements worth over $490 million

As part of the official visit of the President of Kazakhstan Kassym-Jomart Tokayev to Turkey, a number of commercial agreements were signed with the support of the national company Kazakh Invest. These agreements aim to implement joint investment projects in priority sectors of the economy.

Among the key outcomes was the signing of an Investment Agreement for the construction of an integrated agro-industrial complex for deep processing of grain and leguminous crops. The document was signed by the Minister of Agriculture of Kazakhstan Aidarbek Saparov and the Director of Kazak Protein LLP (Tiryaki Holding) K. S. Yildiz. The project envisions the construction of a modern facility to process 250,000 tons of wheat and 80,000 tons of peas annually. The total investment volume is estimated at $320 million.

A Memorandum of Understanding on the construction of three logistics centers in the cities of Shymkent, Astana, and Almaty was signed between Chairman of the Board of S Sistem Yatirim Lojistik, Huseyin Barlin, and Director of the Investment Attraction and Marketing Department of Kazakh Invest, Nurzhan Abylkaiyr. The estimated investment volume is $75 million.

Additionally, an Agreement on the establishment of a joint venture between JSC Kazpost and the Turkish company S Sistem Yatirim Lojistik was signed. The project provides for the construction of a multifunctional logistics center in the city of Aktobe on the territory of the airport. The investment volume is estimated at $25 million. The implementation of these projects will significantly strengthen the logistics infrastructure in the key economic hubs of the country and create new opportunities for the distribution of goods both domestically and for export.

An Investment Agreement was signed with Turkish company Orzax Group for the construction of a pharmaceutical manufacturing facility for dietary supplements in the Turkistan region with a planned investment of $70 million.

The total volume of investments under the signed agreements exceeds $490 million. These initiatives span agro-processing, pharmaceutical manufacturing, and logistics, underscoring the diversity and depth of the Kazakh–Turkish investment partnership.

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