Turkish companies to invest $20 mln to sports industry of Kazakhstan

ASTANA. KAZINFORM - Turkey is ready to invest in the development of sports industry in Kazakhstan, this has been stated in Astana at an official meeting with potential investors from Turkey.
None
None

The event was organized by "Kazsportinvest" JSC, reported the press service of the Ministry of Culture and Sports. Major bicycle manufacturer of Turkey "Salcano" and sportswear producer "Inka Sportif" plan to open a bicycle factory in Kazakhstan. The companies are ready to launch sportswear and equipment manufacture using innovative technologies on the basis of "Kazsportinvest" JSC. The parties signed a memorandum of cooperation and agreed that the implementation of the above mentioned investment projects will start in QI 2015. Direct investment will reach $20 million. Previously the Kazakh delegation headed by the President of "Kazsportinvest" JSC A. Bakhit visited Turkey. During the visit, the delegation held a series of talks with leaders and businessmen of the sports industry. President of Kazsportinvest Arnabol Bakhit met with Director General of the Committee of Sport Ministry for Youth and Sport of Turkey Mr. Mehmet Baykan. The sides reached an agreement on the development of bilateral cooperation in attracting investment and exchange of experience in the field of new sport technologies and sports administration.

Currently reading