Turkish holding intends to invest in Kazakhstan’s projects

Turkish holding intends to invest in Kazakhstan’s projects

The Turkish conglomerate Eren Holding will consider potential projects for investment in Kazakhstan, as it became known during a meeting between Kazakh Prime Minister Alikhan Smailov and CEO of Eren Holding Ahmet Eren. Alikhan Smailov highlighted that today there are more than 4,000 companies with Turkish capital operating in the country. Projects have already been launched in such industries as the mining and metallurgical complex, food industry, infrastructure and pharmaceuticals. Smailov also expressed confidence that the countries have new prospects for cooperation, pointing out that all necessary conditions have been created for investors in the country, including a modern institutional environment, exemption from customs duties, various tax incentives and guarantees of tax legislation stability. In turn, Ahmet Eren stated that the holding is considering new investment opportunities in other areas as well, among which are paper production, energy and textile industry. Following the meeting, the parties reached an agreement to work on a pool of potential investment projects in Kazakhstan.