Desired momentum has been achieved in trade with Kazakhstan
Considering the investments made through third countries, it is stated that the amount of Turkish investments in Kazakhstan exceeds 3 billion dollars and the investments of Kazakh companies in Türkiye exceeds 700 million dollars. The cost of the projects undertaken by Turkish contracting companies in Kazakhstan so far is 27 billion dollars and Kazakhstan is the 5th largest market in the Turkish contracting sector in terms of total project volume.
Aiming to diversify the services offered to the Turkish private sector in changing conditions, DEİK/Türkiye-Kazakhstan Business Council, carries out studies that introduce potential sectors in Kazakhstan and business opportunities in these sectors.
Food supply security creates great opportunity in relations
The issue of food supply security, which is at the top of the agenda for all countries under the current conditions, creates great opportunities in Türkiye-Kazakhstan trade and economic relations. Producing appropriate logistics solutions for the delivery of Kazakh wheat to world markets via Türkiye is very important not only in terms of bilateral cooperation, but also in terms of ensuring global food security. We believe that it will be beneficial in this sense to evaluate the existing potential in agriculture and animal husbandry, processing of agricultural products and food sectors in Kazakhstan.
Kazakhstan is one of the countries where Turkish investors are most active in the Eurasian geography. Our companies continue to work in sectors such as food industry, hotel management, banking-finance, retail trade, manufacturing industry, many areas of the service sector (consulting, legal services, tourism, logistics, etc.), pharmaceutical production, mining. Processing of agricultural-agricultural products, food, machinery-equipment manufacturing, tourism-hotel management, pharmaceutical industry, chemical industry, metallurgy, mining, vehicles and spare parts production for these stand out as other important sectors to cooperate.
Kazakhstan is one of the countries with the best investment climate in the geography
According to the data of Kazakhstan official institutions, the average annual amount of direct investments to the country in the last 5 years has been over 20 billion dollars. It is known that many large international companies that have stopped their activities in Russia due to the sanctions imposed on it, tend to move their headquarters in the region to Kazakhstan.
Kazakhstan Almaty Airport, one of the largest and busiest airports in Central Asia, is managed by TAV Airports, of which I am the vice chairman of the board of directors. In addition, with an investment of 200 million dollars, the new Silk Road is in a position to become an important cargo center. These two important investments will further expand and develop Türkiye-Kazakhstan relations. With this investment and growth, there was a significant increase in the number of flights. 33 airlines increased the total number of destinations from 56 in 2019 to 75 destinations by adding 19 new routes this year.
As DEİK, we will continue to fulfill our duty
As it is known, Türkiye became the first country to take the step of recognizing Kazakhstan on the same that that it declared its independence on 16 December 1991. On March 2, 1992, diplomatic relations were established between our countries. The common historical and cultural ties between our peoples enabled our relations to develop rapidly and reach the level defined by the concept of "multidimensional strategic cooperation". Today, we strongly believe that our cooperation, which covers mutual trade, health, education, tourism, cultural relations and other fields, will increase even more in the coming years.