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Turkish company launches three big projects in Kazakhstan

Business Materials 26 February 2018 18:08 (UTC +04:00)

Baku, Azerbaijan, Feb. 26

By Ali Mustafayev – Trend:

Turkey’s Yildizlar SSS Holding intends to start the implementation of three investment projects in Kazakhstan in the first half of 2018, the press service of Kazakh Invest (National Company for İnvestment Support and Promotion) said in a message.

The projects with Yildizlar SSS Holding’s participation include the construction of a gas piston power plant with a capacity of 138 megawatts in conjunction with the SEC “Baikonur” worth $50 million, the production of ceramic plates with a capacity of 10 million square meters worth $128 million in Kazakhstan’s Kyzylorda region, as well as a project for the exploration of solid minerals in East Kazakhstan region with $10 million of investment.

Previously, Chairman of the Board of Kazakh Invest Saparbek Tuyakbayev paid a working visit to the Republic of Turkey on February 23-24, where he met with the leaders of six major Turkish companies – KOÇ Holding, YILDIZLAR SSS Holding, YILDIRIM Holding, KİBAR Holding, SABANCI Holding, DAL Holding Investment.

These holdings are large transnational companies with a total annual turnover of about $150 billion.

The representatives of Kazakh Invest offered 47 large investment projects in the priority sectors of the Kazakh economy to Turkish businessmen, the press service of Kazakh Invest said in a message.

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