Kazakhstan and Turkey aim to expand cooperation

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Senior Business News Correspondent
Турция хочет строить дороги и производить лекарства в Казахстане
Turkey has expressed interest in participating in various joint projects / Photo: Gov.kz, photo editor: Milosh Muratovskiy

Turkish companies have expressed interest in participating in Kazakhstani projects related to construction, transport infrastructure and the production of medicine and food, as reported by Kazakhstan’s Ministry of Trade and Integration.

«Zhanel Kushukova, vice minister of Trade and Integration, held a series of meetings with Turkish government representatives and businesses aimed at developing bilateral trade and economic cooperation during her visit to Turkey… Turkish companies have expressed particular interest in projects related to construction, transport infrastructure and the production of medicine and food. In addition, Turkish IT and GPS service providers reported their readiness to cooperate with Kazakhstani counterparts,» the agency said in a statement.

Kazakhstani delegates — including Darkhan Beisenbay and Toilybek Salimzhan, trade representatives of Kazakhstan in Turkey, as well as QazTrade CEO Nurlan Kulbatyrov — attended roundtable discussions with more than 30 representatives of Turkish business, logistics companies and financial organizations, including Hepsiburada, Turk Eximbank, Çalık Holding, S Sistem Lojistik and Coca-Cola. Previously, analysts at the prominent international rating agency Fitch Ratings noted that Kaspi.kz’s deal to acquire the large Turkish marketplace Hepsiburada would affect its rating. They anticipated Kaspi.kz’s net revenue to stand at around $2.5 billion for this year.

Kushukova held talks with Şekib Avdagic, president of the Istanbul Chamber of Commerce, placing emphasis on promoting Kazakhstani products in the Turkish market, expanding the presence of domestic producers at international trade fairs and informing Turkish entrepreneurs about the potential and capabilities of Kazakhstani companies.

The delegation also attended the Turkish Exporters Assembly, where it was introduced to the national export support system. Representatives of the organization demonstrated key government support instruments, including the Turquality program, which aims to promote Turkish brands internationally and implement the umbrella brand concept to ensure comprehensive product promotion in global markets.

During the meeting, the Turkish side also initiated discussions on cooperation prospects in the areas of e-commerce, logistics, export-related financial clearing and the expansion of investment partnerships between the two countries. Kushukova urged entrepreneurs from both sides to strengthen existing ties and establish new opportunities for cooperation.

Previously, during the MINEX Kazakhstan 2025 mining and exploration forum in Astana, Baurzhan Duisebayev, CEO of the Chemical Engineering Design Bureau, proposed a uranium mining and fuel supply deal to Turkey. He noted that his team shared its vision of the nuclear fuel cycle that Turkey could benefit from with authorized Turkish agencies. According to his estimates, 40% of nuclear fuel cycle costs are attributed to uranium mining, 10% to conversion, another 40% to enrichment and the remaining 10% to fuel fabrication.

As he explained, Kazakhstan proposed this partnership as Turkey’s demand for nuclear fuel is highly likely to increase. Specifically, he offered Turkey a uranium mining contract in Kazakhstan, as well as the option to participate in the conversion of uranium-containing materials into uranium hexafluoride, a raw material essential for nuclear fuel production.

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