Tuesday 19 December 2017

Kazakhstan: Modern warehouses will be built on the Special Economic Zone “Khorgos – Eastern Gates” by the end of 2018

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On 11 December 2017, at SEZ “Khorgos - Eastern Gates”, a capsule was laid on the site of construction of modern storage facilities.

The ceremony of laying the capsule was attended by the head of JSC NC Kazakhstan Temir Zholy (Kazakhstan Railways) Kanat Alpysbaev, acting head of the Board of JSC National Managing Holding Baiterek Aidar Arifkhanov, vice-president of the investment fund Verno Capital Magzhan Kenesbai.

The project was financed by JSC National Managing Holding Baiterek. Acting head of the Holding’s management A. Arifkhanov noted the importance of “supporting projects for the further development of the country’s infrastructure potential in the context of linking the Nurly Zhol programme with foreign initiatives.”

According to the head of the JSC NC KTZ the project of construction of warehouse terminals is implemented within the framework of the Plan of the Nation “100 concrete steps” (65th step) and is aimed at further development of the terminal network of Kazakhstan.

He stressed that the project for the integrated development of the “Khorgos - Eastern Gates” became an impetus to stimulate investment in the region and implemented in 2016 as part of the Nurly Zhol programme. On the territory of the Special Economic Zone, a favourable business environment, an optimal taxation regime, a lack of customs duties, and a well-developed infrastructure have been created.

Great interest in the development of SEZ of international investors is confirmed by proposals for the implementation of investment projects in 2018 for a total of about 100 billion KZT. These are projects for the construction of warehouses, feed mill, food cluster, production of building materials.

“Today’s ceremony demonstrates the willingness of foreign companies to cooperate in the framework of our project and they believe in the future development of this region,” said the chief operating officer of Management Company of the SEZ “Khorgos - Eastern Gates” Hicham Belmaachi.

Heads of Verno Capital and PNK Group presented an investment project at the logistics zone of the SEZ “Khorgos - Eastern Gates”, which is part of a large project for the construction of more than 100 thousand square metres of warehouse and industrial premises of A class in the regions of Kazakhstan. These warehouses provide the needs of large manufacturers and carriers in high-quality premises. The financial group has experience in implementing projects in Russia, United States and Europe.

Further development of the SEZ “Khorgos - Eastern Gates” provides for the integration of global logistics services into the architecture and the integration of Kazakhstan transit corridors into the international logistics network.

(Source: KTZ)

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