Kazakhstan and Turkey Have Agreed to Cooperate in PPP Projects Implementation

12.11.2019

Казахстан и Турция договорились сотрудничать в сфере реализации проектов ГЧП

The Chairman of the Management Board of “Baiterek” National Managing Holding” JSC Aidar Arifkhanov and the Chief Executive Officer of Istanbul Public-Private Partnership Center of Excellence (Istanbul PPPCoE) Eyüp Aydın have signed the Cooperation Agreement for an amount of 300 mln US dollars. The document was signed on November 10 of this year, during the Kazakh-Turkish Business Forum, organized within the official visit of the Prime Minister of the Republic of Kazakhstan Askar Mamin.

 

- We are talking about identification of PPP projects in Kazakhstan that may be of interest to Turkish companies. In particular, we have agreed on the implementation of projects that pose mutual interest in the field of PPP, development of joint feasibility studies, reviewing investment opportunities, as well as attracting investors. Our subsidiary, “Kazakhstan Project Preparation Fund” LLP, will be engaged in the fulfillment of this Agreement, - the Head of the Holding commented after the signing ceremony.

 

In addition, this Agreement envisages exchange of information on housing construction, implementation of state housing and mortgage programs, as well as creation of comfortable urban conditions for the population.

 

Eyüp Aydın, in his turn, noted that the PPPCoE closely cooperates with Turkish companies which have experience in PPP, and is planning to simplify and accelerate the activities of Turkish private companies, especially in PPP area, in Kazakhstan. “We are expecting that this will simplify investing in Kazakhstan,” - he said.

 

Aidar Arifkhanov also took part in the meeting of the Prime Minister of the Republic of Kazakhstan A. Mamin with the “captains” of Turkish business, as well as in the 11th Session of the Kazakh-Turkish Intergovernmental Economic Commission.

 

Reference:

 

“Baiterek” National Managing Holding” JSC was established in accordance with the Decree of the President of the Republic of Kazakhstan dated May 22, 2013. The key institution of the Government of the Republic of Kazakhstan that complies with the advanced standards of corporate governance and ensures the implementation of the objectives for the sustainable development of the economy of Kazakhstan through its diversification, support for innovation, export development, increase in labor productivity. The Holding includes: Development Bank of Kazakhstan JSC, Investment Fund of Kazakhstan JSC, Zhilstroisberbank of Kazakhstan (HCSBK) JSC, Kazakhstan Mortgage Company MO JSC, KazakhExport EIC JSC, Damu EDF JSC, QazTech Ventures JSC, Housing Construction Guarantee Fund JSC, Kazyna Capital Management JSC, Baiterek Development JSC, Kazakhstan Project Preparation Fund LLP.

 

Istanbul PPPCoE was established in 2015 and is an association that offers consulting services in the PPP field and provides trainings to build the PPP human resources capacity. The Center closely cooperates with governments, corporations, multilateral organizations, financial institutions and transnational corporations to provide technical and strategic support in the development of PPP policies, laws and regulations.