Turkey and Kazakhstan signed a memorandum of cooperation in the development of the Transcaspian International Transport Route

On March 04 of this year, the General Director of SEMURG INVEST LLP Nurzhan Marabayev visited Istanbul, Turkey where he got acquainted with the activities of Albayrak Group of Companies.

The parties shared their experience in the development of ports and discussed the possibilities of cooperation. As a result of the negotiations, Mr. Yunus Elmaz, the General Director of Albayrak Inshaat, who is a top manager of Albayrak Holding, and the General Director of SEMURG INVEST LLP Nurzhan Marabayev signed a memorandum of understanding and cooperation in the development of the Transcaspian International Transport Route (TITR). The parties will make every effort to ensure the effective operation of the route. Albayrak is a terminal holder in the Baku port and also operates several ports in Turkey and Africa. The port of Baku is the main receiving port for export cargo moving along the middle route from Kazakhstan ports. Thus, SEMURG INVEST as the owner of terminals in the port of Kuryk on Kazakhstan side and Albayrak as the operator of terminals on Azerbaijani side are interested in increasing cargo turnover along the middle corridor in the direction of China-Kazakhstan-Azerbaijan-Europe.

Albayrak Holding is one of the best construction companies in Turkey. It began to implement projects from the beginning of the 1950s, when urbanization accelerated in Turkey. Today, Albayrak Group with about 80 companies and broadcast brands provides services in more than 20 sectors, such as construction and investment partnerships in real estate, industry, logistics, media and tourism. It is the unshakable faith in the future of Turkey that has allowed Albayrak Group to reach the top, where the company is together with almost 10,000 of its employees, providing them with employment. The company has implemented many important projects, such as the construction of the railway station in Mush in 1954, the 4th Levent-Taksim metro station in 2001, the Kartal-Kainarca metro line in 2017, hospitals, factories and shopping centers, To the present time, it has successfully completed the construction of more than 20,000 housing facilities.