Kazakhstan to build shipyard, terminal on Caspian for $1.2 bln
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Kazakhstan announced plans to build a shipyard, a multimodal aviation hub, and a new terminal at the port of Kuryk on the Caspian Sea, with total investments of about 595 billion tenge ($1.2 billion). Prime Minister Olzhas Bektenov inspected the projects during a working trip to the Mangystau region. The initiatives aim to boost the country's role in the Trans-Caspian International Transport Route.
The Shipyard
The shipbuilding facility on the Caspian coast will require at least 125 billion tenge in investment. It will have an annual capacity of eight new vessels and 24 repair operations, including unmanned surface vehicles. The project is expected to create about 1,500 permanent jobs.
Aviation Hub and Terminal
In Aktau, a multimodal logistics and aviation hub will integrate air, sea, rail, and road transport, handling over 200 aircraft maintenance operations and up to 60 painting jobs annually, creating 3,500 jobs. Separately, Chinese Guoyou Materials Group will invest 470 billion tenge in a multifunctional terminal at the port of Kuryk, with an initial capacity of 15 million tonnes per year, rising to 25 million tonnes by 2032.
Transit Growth
Container transit through Kazakh ports has increased 3.8 times over three years to 42,000 TEUs. Combined port capacity now stands at about 200,000 TEUs per year. Bektenov said developing the Trans-Caspian route is a strategic priority, as President Tokayev has tasked Kazakhstan with becoming a key Eurasian transport hub.
What's Next
Construction of the terminal's first phase is scheduled for 2026–2028, with full completion by 2032. It remains unclear how the projects will be financed beyond the announced investments and whether they will meet the ambitious timelines.
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Kazakhstan to build shipyard, terminal on Caspian for $1.2 bln
