Kazakhstan and Turkey have signed contracts on 19 projects, worth over USD800 million overall, Kazakhstan’s Investment and Development Ministry announced. In particular, the possibility of connecting Zhezkazgan-Beineu railway with a new Akhalkalaki (Georgia) – Kars (Turkey) railway line, which is under construction, with access to the European countries through the port of Baku and Istanbul on the new railway tunnel Marmaray is being discussed.
Over the last three years, the trade turnover between the two countries has doubled – from USD2 billion to USD4 billion, and this figure is projected to reach USD10 billion within the framework of the program New Synergy, adopted by the heads of the two states. These agreements are also aimed at developing the commercial and military shipbuilding, ship repair and maritime transport, according to the Investment and Development Ministry.
It was earlier reported that Kazakhstan and Turkey develop the cooperation within the New Synergy economic program signed in 2012. This program intensified the joint work of the two countries in trade and investments, industry, agriculture, transport sphere and logistics, tourism, especially, in the sphere of small and medium-sized business.
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