KCM invests $ 9 million for warehouse construction in Khorgos

Kazakhstan Infrastructure Fund, a subsidiary of Kazyna Capital Management decided to finance the construction of circa 25 thousand sqm modern warehouse premises totaling about $9 mln. ($8.7 mln.). Kazakhstan Infrastructure Fund, a subsidiary of Kazyna Capital Management decided to finance the construction of circa 25 thousand sqm modern warehouse premises totaling about $9 mln. ($8.7 mln.). This is the first stage for implementation of the program for construction of up to 100 thousand sqm of the “A” category warehouses in the Republic of Kazakhstan. The “A” category warehouses are the profile structures designed to provide the best storage conditions for any types of cargo that meet the international logistics requirements. The warehouses are located on the border of Kazakhstan and China in the Special Economic Zone (the SEZ) “Khorgos - Eastern Gate” which is one of the key transit points of the New Silk Road. The FEZ has a preferential tax regime - no income, land and property taxes are levied. The warehouses have access to Altynkol railway station and “Western Europe - Western China” highway. “For us as investors, this project is highly important by the fact that we are able to contribute to the development of the national logistics infrastructure. We believe in the success of the project since the participation of Kazakhstan in the global Chinese initiative “One Belt and One Road” is the driver growth”, said Askar Dostiyarov, Chairman of the Management Board of Kazyna Capital Management JSC. The modern complex with complete service chain and the South-North, East-West customs service zone will correspond in terms of infrastructure quality to all international standards and the storage facilities will cater to the needs of major manufacturers and carriers in high-quality warehouses.