Turkish TAV airports is planning to create a multimodal cargo hub in Kazakhstan’s Almaty International Airport. The plans were discussed during the meeting of Kazakhstan’s Minister of Trade and Integration, Bakhyt Sultanov with representatives of TAV Group and Kazakhstan Infrastructure Fund CV.
According to the reports, Turkey’s TAV Airports had signed a share purchase agreement to buy Kazakhstan’s Almaty International Airport in May this year. The negotiations were announced in November 2019 as the consortium formed by Turkish TAV Airports (of which Groupe ADP owns 46.1 percent of the capital) and VPE Capital operating in Kazakhstan and Russia, started discussions with the owner of Kazakhstan’s Almaty International Airport regarding the airport’s potential acquisition.
The discussion also focussed on various issues related to expansion of terminal capabilities of the Almaty airport, as well as the process of acquiring a 100-percen stake in Almaty International Airport JSC by the consortium which should be completed in the coming months.
Sultanov, in the discussion pointed out that Almaty airport is very important for both the regions and for the development of trade in Kazakhstan, expressing hope that investors will give impetus to the development of the trade and logistics hub in Almaty. The Turkish side also said that they are interested in implementing the project for creation of cargo multimodal hub in the airport.
