Skip to Content

Bakytzhan Sagintayev meets with representatives of the Association of Turkish and Kazakh Businessmen

by December 7, 2017 Market

Today in Ukimet Uyi, Prime Minister Bakytzhan Sagintayev met with representatives of the Association of Turkish and Kazakh Businessmen (TUKIB) led by Chairman of the Board of the Association and owner of Eksen Group Firat Develioglu.

The meetings covered issues of strengthening mutually beneficial cooperation between the business structures of the two countries and implementing new joint investment projects in Kazakhstan.

For reference: Turkey maintains its position as a priority investment partner of Kazakhstan.

According to the National Bank of the Republic of Kazakhstan, from 2005 to April 2017, gross inflow of direct investments from Turkey to Kazakhstan amounted to 2.1 billion USD.

Commodity turnover between the two countries for January-June of 2017 amounted to 925.1 million USD, of which exports account for 563.3 million USD and imports – 361.8 million USD.

The Joint Economic Action Plan “New Synergy” for 2012-2015 was implemented in 2015. In accordance with the plan, the investment and economic activities of Turkish companies within the framework of cooperation have intensified, including the emergence of Kazakh-Turkish industrial zones in Kazakhstan.

TUKIB Association was founded in early 2016, in the year of the 25th anniversary of Independence of the Republic of Kazakhstan and establishment of diplomatic relations between Kazakhstan and Turkey.

Being a business association, TUKIB promotes further strengthening of trade, industrial and economic ties between Kazakhstan and Turkey, strengthens business contacts and cooperation between Turkish and Kazakh entrepreneurs, advises entrepreneurs and companies on issues related to their areas of activity, and strengthens socio-cultural ties between the two countries.

Source: Government of the Republic of Kazakhstan