Kazakhstan's Prime Minister Alikhan Smailov announced at the 16th summit of the Economic Cooperation Organization (ECO) in Tashkent that Kazakhstan plans to construct the Beyneu-Shalkar highway, connecting its western regions with Uzbekistan.
The initiative aims to finalise the establishment of the 8th TRACECA (Transport Corridor Europe-Caucasus-Asia) road corridor. Smailov emphasised the necessity of enhancing regional transport connectivity, especially given that seven out of the 10 ECO member states lack direct access to the ocean.
Kazakhstan is attempting to develop regional connectivity amid its growing role within the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, a route bypassing Russia for the purpose of conducting trade between Europe and China.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more
Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment
A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more
Net income at Freedom Holding Corp more than doubles in fiscal 2026
Freedom Holding Corp (Nasdaq: FRHC) slightly more than doubled its net income to $153.3mn in its fiscal year to March 31 from from $76.2mn in the previous fiscal 12 months, the international ... more