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
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
- Almaty Court Extends Chechen Activist’s Extradition Arrest
- Record Rainfall Hits Almaty
- Falling Caspian Sea Level Reshapes Northern Coastline
- Kazakhstan Says It Is Ready To Help Resolve Iran’s Nuclear Issue
- Pashinyan Explains Why He Will Skip The EAEU Summit In Astana
- Kazakhstan To Gradually Cut University Programs In Oversupplied Fields
- Kazakhstan Offers Indonesia A Route To Central Asia And Europe
- Kazakhstan Tightens Rules for Master Plans and Urban Development
- Kazakhstan Approves Rules for Digital Tenge Circulation
- Military Jets to Conduct Training Flights Over Astana
