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Türkiye joins top countries with strong business presence in Kazakhstan

Kazakhstan Materials 18 April 2024 00:18 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, April 17. Türkiye has taken second place among the countries with the largest number of companies registered and operating in Kazakhstan, Trend reports.

According to the country's Bureau of National Statistics, 5,447 Turkish-owned enterprises and 765 joint-ownership corporations were registered in Kazakhstan as of April 1.

At the same time, 3,823 Turkish-owned enterprises out of 5,447 registered are currently in operation, as are 467 of the 765 joint ventures with Kazakhstan.

Furthermore, Turkish enterprises now functioning in Kazakhstan are mostly engaged in wholesale and retail trade, automotive and motorbike maintenance (976), construction (1,059), manufacturing (221), and other related activities.

Furthermore, the top 10 comprised Russia, Uzbekistan, China, Kyrgyzstan, Azerbaijan, Ukraine, Germany, South Korea, and Belarus.

Meanwhile, as of April 1, 2024, the number of registered companies with foreign ownership in Kazakhstan amounted to 57,052, which is 13 percent more than the same period in 2023.

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