Kazakh President: Mangystau is a region of strategic importance

Kazakh President: Mangystau is a region of strategic importance

Over two trillion tenge in investments have been attracted to the Mangystau region’s economy over the past two years. During this period, the gross regional product has increased by almost one and a half times. During his working visit to the region, President Kassym-Jomart Tokayev held a meeting on its development. The Head of State emphasized the strategic importance of Mangystau as Kazakhstan’s western gateway and underscored the importance of supporting small and medium-sized businesses. More than 16 billion tenge will be allocated from the state budget for this purpose in 2025. The Mangystau Business program will be launched to support 30 new projects worth 1.5 billion tenge.

«The Aktau Seaport special economic zone (SEZ) should become a center that gives an impetus to developing entrepreneurship in the region. Currently, 22 new projects are being implemented within its territory. Total investment in the SEZ has reached 337 billion tenge, with half of that coming from foreign investors. This year, there are plans to expand the SEZ’s area sevenfold - from 3,700 to 26,500 hectares. This is a good decision. The governor has also put forward proposals regarding the SEZ,» Tokayev noted.

The Head of State also highlighted the region’s transport and logistics potential. Mangystau is located at the crossroads of major international transport corridors connecting East and West, North and South. The maritime infrastructure of the Aktau and Kuryk ports is currently undergoing active development, and they are among the main hubs of the Trans-Caspian Transport Route. International logistics companies are showing interest in investing in Kazakhstan’s transport sector. Therefore, the government, together with the regional authorities, needs to strengthen its work with foreign businesses.

«This year, the repair of the Kuryk-Zhetybay highway will be completed. It is necessary to develop transport potential in the direction of Turkmenistan. I instruct that, starting this year, repairs begin on road sections from Zhanaozen to Turkmenistan’s border via Kendirli. Work has also begun on the reconstruction and modernization of railway stations. A total of 125 railway stations are scheduled for renovation across the country, including those in Mangystau, Beineu, and Shetpe,» Tokayev added.