Kazakhstan to attract $3 billion in investments in aviation industry

Kazakhstan to attract $3 billion in investments in aviation industry

Kazakhstan intends to attract around $3 billion in investments in the aviation industry. These funds will be used for the construction of new airports in the tourist areas of Katon-Karagai, Zaisan, Kenderli, as well as in Arkalyk. The investments will also support the reconstruction of 10 runways, 10 terminals, and the renewal of the special equipment fleet. Development issues were discussed at a meeting chaired by Prime Minister Olzhas Bektenov. Particular emphasis was placed on enhancing the country’s role as an aviation hub, including the development of air hubs and the modernization of ground infrastructure. The creation of a national cargo carrier was also discussed. Its implementation will ensure the reorientation of transit flows to Kazakhstan and strengthen the country’s position in the air cargo market. Bektenov instructed that all preparatory processes be accelerated to the fullest extent. Currently, the volume of air cargo transportation amounts to about 58 million tonnes, with around 15% of shipments passing through Kazakhstan’s airspace. The Ministry of Transport also reported a rise in passenger traffic this year: domestic airlines carried over seven million passengers, while airports served about 14.5 million people.