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Astana, Kazakhstan • 04 September 2023

Aktau and Busan Plan to Implement Joint Logistics Projects

The Korean side eyes the possibility of EU exports via Kazakhstan

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Kazakh Invest
Kazakh Invest

On August 31, the administration of the Mangystau region discussed with the major Korean logistics companies led by the Busan Economic Promotion Agency (BEPA) the potential for implementing joint transport and logistics projects, QazMonitor reports citing the press service of Kazakh Invest.

Aliya Abdildina, the country officer for Asia at Kazakh Invest, highlighted South Korea’s entry to the top 10 investor countries in our economy last year. In 2022, direct investments surpassed $1 billion, and over the past 15 years, South Korea has invested over $6 billion in Kazakhstan.

Kazakh Invest
Kazakh Invest

Abdildina proposed that the Korean side explore Kazakhstan's port infrastructure, with a specific focus on projects related to terminal capacity expansion and container hubs in the ports of Aktau and Kuryk.

In turn, BEPA President Jin Yang-hyun expressed keen interest in joint investment ventures and outlined plans for South Korean product exports to the European Union via Kazakhstan. He underscored BEPA's objective to diversify Korea's transportation routes.

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