ASTANA, Kazakhstan, December 12. Türkiye's YDA Holding intends to expand its investment activities in Kazakhstan, Trend reports.
At the site of Kazakh Invest, Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Kuantyrov held a meeting with the Chairman of the Board of the Turkish company YDA Holding, Huseyin Arslan. During the meeting, the parties discussed the group's plans to expand its investment activities in Kazakhstan.
Huseyin Arslan highlighted the high potential of the Middle Corridor and the growing importance of the Trans-Caspian International Transport Route in the current context. He also emphasized the significance of developing local production to meet the needs of agriculture. In this regard, the Chairman of the Board expressed YDA Holding's interest in implementing projects in Kazakhstan's agro-industrial complex and the transport and logistics sectors.
In turn, Alibek Kuantyrov emphasized the strategic level of partnership with the Republic of Türkiye and noted the long-standing successful cooperation with YDA Holding. In this context, the Deputy Minister expressed his readiness to provide support in concluding an investment agreement and organizing negotiations with sectoral government bodies to ensure the successful implementation of the project.
To note, YDA Holding is a diversified group of companies specializing in construction. The group's portfolio includes projects in 12 countries with a total value of $10.2 billion. The holding employs approximately 17,000 people, with an annual revenue of about $1.4 billion.
The group has been operating in Kazakhstan since 2002. To date, it has implemented three projects worth a total of $320 million: the construction of international airports in the cities of Aktau and Turkestan, as well as the establishment of a multi-profile production facility—YDA Industrial Park—at the "Astana–Technopolis" SEZ (Special Economic Zone). Three more projects worth approximately $1.35 billion are currently under implementation.
