Kazakhstan unveils $3.6 billion investment plan in Mangystau region
21 April 2025
Kazakhstan is rolling out a huge investment plan in the Mangystau Region, with 24 transport and tourism projects worth a massive 1.9 trillion tenge (about $3.6 billion) already underway. During his recent visit to the Aktau International Sea Port on April 18, President Kassym-Jomart Tokayev was updated on the progress by Minister of Transport Marat Karabayev. These efforts are part of the country’s broader push to position itself as a key logistics and transit hub between Europe and Asia.
One major driver behind this push is the rapid growth of the Trans-Caspian International Trasnport Route. In just the past year, cargo traffic through the corridor jumped 62%, hitting 4.5 million tons. That includes 358 container trains and 27,000 vehicles. Officials expect this to more than double by 2028, so the government is stepping up its game, building a new container terminal in Aktau that will boost capacity from 140,000 to 240,000 containers. At the same time, a brand-new airport is under construction in the Kendirli resort zone, aimed at handling 150 passengers an hour and connecting to Almaty and Astana through regular flights.
Related
-
Saudi Arabia announces $6.4bln in Syria investments
25 July 2025
-
Saudi Arabia unveils master plan for Dammam, two other airports
22 July 2025
-
Slovenia publishes call for incentives for wind, solar power projects
16 July 2025
-
Iraq needs 3mln homes over 5 years, says government advisor
14 July 2025
-
NDB provides $320mln funding for Brazil's health sector
11 July 2025
-
Montenegro sets ceiling price of €65/MWh for first solar auction
11 July 2025