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New warehouses to be built at Kazakh SEZ

Business Materials 11 December 2017 11:47 (UTC +04:00)

Baku, Azerbaijan, Dec. 11

By Nigar Guliyeva – Trend:

Kazakhstan's JSC "Baiterek National Management Holding" together with JSC Kazakhstan Railways and its subsidiary organization of JSC KZT- Express, foreign participants - investment fund Verno Capital and development company PNK Group have launched a project on construction of a modern warehouses, Baiterek reported.

The warehouses will be located on the territory of the Special Economic Zone "Khorgos - Eastern Gate".

The project is financed by the Baiterek Holding through the Kazakhstan Infrastructure Fund, which was established by the daughter organization of the holding Kazyna Capital Management JSC.

"Baiterek Holding, the main development institution of Kazakhstan, is ready to continue supporting similar projects that contribute to the development of the country's infrastructure potential," said Acting Chairman of the Board of Baiterek Holding Aidar Arifkhanov.

Arifkhanov said the holding will continue its policy of building up a strategic investment partnership and financing projects of mutual interest.

SEZ "Khorgos - Eastern Gate" is considered a strategic object for creating a logistics hub connecting China, Central Asia and the Middle East.

The total area of the SEZ is 4,591 hectares and includes three key zones - logistic and industrial, as well as the transport and logistics complex "dry port".

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