Toqayev Signs Law on New Logistics Center
Photo: Elements.envato.com, ill. purposes
President Qasym-Jomart Toqayev has signed a law ratifying the agreement between Kazakhstan and Uzbekistan on regulating the activities of the International Center for Industrial Cooperation “Central Asia,” Orda.kz reports, citing Aqorda.
The agreement follows recent talks in Khiva between the foreign ministers of both countries, where they discussed the long-term development of Central Asia. A protocol was signed to formalize their commitments.
The idea for the center was initially agreed upon in 2024, when Toqayev and Uzbek President Shavkat Mirziyoyev met in Astana and launched a partnership program. The initiative aims to boost bilateral trade to $10 billion (5.2 trillion tenge) by 2030.
In February, Kazakhstan’s Majilis ratified the intergovernmental agreement on the center, which is scheduled to open in the first half of 2027.
The center will serve as a key logistics and manufacturing hub, equipped with infrastructure, warehouses, and production facilities funded by private investment.
The project is part of a broader strategy to modernize Kazakhstan’s trade and logistics network. In December 2023, the government also announced plans to develop four additional trade hubs by the end of 2026.
Original Author: Alexandra Mokhireva
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
