18.02.2026
In the first half of 2025, Turkey’s total direct investments in the countries of the Eurasian region reached $18.6 billion, increasing by 19% ($3 billion) over the past year and a half. The total number of projects involving Turkish investors rose to 153, eight of which were launched in the first half of 2025.
One of the largest projects is the joint construction of a urea and ammonia production plant in the Mangystau region by “Esta Construction” and “QazaqGaz.” The estimated investment volume of the project is $1.4 billion.
Russia remains the main destination for Turkish investments, as in previous years. Since 2023, direct investments in Russia have reached $5.3 billion. However, due to rapidly expanding cooperation with Kazakhstan and Uzbekistan, Russia’s share of total investments has decreased from 32% to 28%.
Kazakhstan has become the second-largest recipient of Turkish investments in the region. In the first half of 2025 alone, investment inflows amounted to $440 million, while the total since 2023 has reached $1.1 billion. As a result, Kazakhstan’s share in regional investments increased from 14.1% to 17.6%, surpassing Uzbekistan and Azerbaijan. One of the largest projects in Kazakhstan is the nearly $1 billion investment by “TAV Airports Holding” in Almaty International Airport.
The growth in investments has been driven primarily by large projects in the energy, industrial, and agricultural sectors. These include the construction of a combined-cycle power plant in Shymkent by “Aksa Energy,” a thermal power plant in the Kyzylorda region, a greenhouse complex by “Alarko Group,” a chemical plant by “Esta Construction” and “QazaqGaz,” as well as a soda ash plant being built by “Corex Holding” in the Zhambyl region. In addition, “Corex Holding” has completed geological exploration of gold, platinum, and chromium deposits in the East Kazakhstan region.
