Kazakhstan- Türkiye commodity turnover reached $3.5bln in 7 months of 2022
The President noted that commodity turnover between the two countries increased by 33% and exceeded $4bln last year.
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Commodity turnover between Kazakhstan and Türkiye has reached $3.5bln in seven months of 2022, President Kassym-Jomart Tokayev has said it at the briefing for mass media in Akorda today after the talks with his Turkish counterpart Recep Tayyip Erdoğan, Kazinform reports.
The fourth meeting of the Kazakhstan-Türkiye High-Level Strategic Cooperation Council took place today within the visit of the President of Türkiye. The sides exchanged views on the most important issues. The meeting was substantive. Upon completion of the event, we have signed a number of intergovernmental documents called to raise our ties in various spheres to a new level. The bilateral trade, economic and investment cooperation is the core of our ties. Our relations in these areas are developing dynamically, especially in the military sphere," Kassym-Jomart Tokayev said.
The President noted that commodity turnover between the two countries increased by 33% and exceeded $4bln last year.
Türkiye is one the five largest trade partners of Kazakhstan. In seven months of 2022, our bilateral trade has increased by 66% and reached $3.5bln. We intend to raise commodity turnover to $10bln This is the strategic threshold set to our countries. Turkish businesses have invested $4.35bln in Kazakhstan economy, and Kazakhstan injected $1.13bln in Turkish economy. In general, Türkiye joined top 10 largest investors of Kazakhstan as per the last year results," the Head of State concluded.
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Kazakhstan to build 160 MW combined cycle power plant in Aktau
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As part of implementing the instructions of President Kassym-Jomart Tokayev, the Government has approved the signing of an investment agreement for the construction of a 160 MW combined cycle power plant in the city of Aktau between the Ministry of Energy of Kazakhstan and Aktau Energy Company LLP, Qazinform News Agency reports.
The corresponding resolution was signed by Prime Minister Olzhas Bektenov.
According to the Government’s press service, Aktau Energy Company was established in 2024 jointly with China Huadian Corporation - a state corporation that ranks among China’s five national electricity producers.
The project is expected to attract around 108 billion tenge in investment, with 70% provided by the Chinese investor and 30% by the Kazakh side. The combined cycle power plant at the MAEK LLP site is scheduled to be commissioned in June 2027.
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Kazakhstan and Malaysia Strengthen Cooperation in Trade, Investment and Industry
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Kazakhstan launches extensive modernization of communal and energy infrastructures
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Kazakhstan modernizes and builds more than 220 water facilities in 2026
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