According to Nurdaulet Kilybay, governor of Kazakhstan’s Mangystau region, the Chinese company Zhongyong International plans to begin construction of a new seaport in Aktau next year. The first phase of the project alone is expected to cost $300 million.
The agreement follows several years of negotiations with the company that operates Tianjin, one of the world’s largest ports.
«We have already identified a suitable land plot for the project, and the paperwork is underway. The documents required to sign an investment agreement have also been prepared. Construction is therefore planned to begin in the second quarter of 2026,» Kilybay said.