Kazakhstan plans to invest $20bn in infrastructure development until 2020, First Deputy Minister of Investment and Development Zhenis Kasymbekov said at a Kazakhstan-Batumi business forum on March 30.
The investment will mainly go into infrastructure projects the East-West corridor, towards the Caspian Sea and further to Azerbaijan, Georgia and Turkey. He noted that most of the funds would be channelled into the development of the new railway line Beynau-Zhezkazgan and into the Altynkol-Khorgos railway passage. This would help attract Chinese transit towards the Persian Gulf and the Caucasus.
Kazakhstan is interested in using the Baku-Tbilisi-Kars railway line, which is due to start operations this year. Astana is busy with efforts enabling to benefit from Kazakhstan's favourable location between Europe and Asia by developing relevant transport infrastructure. Investment in transport is among priorities of the Nurly Zhol development plan announced by the Kazakh leader, Nursultan Nazarbayev, on November 11, 2014.
Moldovan businessman Anatolie Stati’s spokeswoman said on January 9 that Stati will ask bailiffs to sell a $5.2bn stake in the Kashagan oil field owned by Kazakh sovereign ... more
Kazakhstan has cut its grain export target for the 2017/2018 marketing season to 8mn tonnes of grain from the previously expected 9mn tonnes, Deputy Agriculture Minister ... more
Iran’s foreign ministry has rejected the suggestion that the five littoral states that share the shore of the Caspian Sea have largely agreed to delineate its maritime borders and settle their ... more