• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10100 2.23%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 19

Interview: Taliban-Ruled Afghanistan Looks to Kazakhstan

ASTANA - War-torn Afghanistan, now led by the Taliban, is in desperate need of funding. The radical group is seizing every opportunity to secure not only financial support but also major infrastructure projects that could help rebuild the country. In late May, a delegation of Taliban representatives, led by Haji Nooruddin Azizi, the Minister of Trade and Industry, visited Kazakhstan to attend the Astana International Forum (AIF). During the summit, they spoke with The Times of Central Asia, discussing their ambitions and plans. It was their first participation in the prominent forum, made possible by Kazakhstan’s 2024 decision to remove the Taliban from its list of terrorist organizations. Since then, Kazakhstani political and business leaders have traveled to Kabul on several occasions aiming to establish closer relations with the Islamic Emirate. [caption id="attachment_32607" align="aligncenter" width="1600"] Image: TCA, Nikola Mikovic[/caption] Most recently, during a meeting with Azizi, Kazakhstan’s President Kassym-Jomart Tokayev emphasized the need to strengthen political ties with Afghanistan. The economy, however, seems to play an equally important role in this relationship, with Astana aiming to increase its bilateral trade volume with Afghanistan to $3 billion in the coming years. Kazakhstan is also eyeing investing $500 million in the construction of the 115-kilometer (71 miles) Turgundi–Herat railway line, a section of the rail corridor linking Turgundi in the north of Afghanistan and Spin Boldak on the country’s border with Pakistan. The route effectively connects Central and South Asia via Afghanistan. Neighboring Turkmenistan is also interested in participating in this project, as the railway aims to connect Central Asia to Pakistan’s Karachi and Gwadar ports, providing Turkmenistan and its neighbors access to vast South Asian markets. The Turgundi–Herat–Kandahar–Spin Boldak railway line is considered a key segment of the broader Trans-Afghan Railway project, which even Russia has expressed an interest in joining. “It is still too early to discuss who will build the railway, although it is clear that Afghan companies are unlikely to be able to undertake the project,” Mirwais Ghafouri, Senior Advisor of the Afghanistan Railway Authority, told The Times of Central Asia in an interview. In his view, given that Afghanistan is a mountainous country, the entire project will cost at least $2–3 billion. The problem for Kabul is that – due to various sanctions and the fact that most countries still do not officially recognize the Taliban-led government – it cannot count on significant support from international financial institutions such as the World Bank and the Asian Development Bank. “But we expect Kazakhstan to invest in this project, as well as in our economy in general. The shortest route connecting Central Asia and South Asia is through Afghanistan. Once the railway is complete, Kazakhstan and other Central Asian nations will be able to use it to export their agricultural products to huge markets such as India, Pakistan, and Bangladesh”, Ghafouri stressed, pointing out that Kabul and Astana are currently working on a project feasibility study. The Taliban appear to be aiming to revive nearly all previously announced projects...

Opinion: How the Emerging Trump Doctrine Played at Astana International Forum

With His Riyadh Allocution, Trump Ripped Up the Foreign Policy Playbook The May 29–30 Astana International Forum (AIF) in Kazakhstan drew thousands of attendees — heads of state, senior diplomats, and entrepreneurs — eager for insights into Central Asia’s rising global significance. Topics ranged from foreign policy and water management to energy, trade, and economic integration. A key message from the organizers was that Middle Powers — Kazakhstan, Indonesia, Türkiye, South Africa, Argentina, and others — should serve as bridges to peace and solidarity amid growing global polarization and Great Power conflict. Unsurprisingly, lots of folk were trying to horn in on business opportunities – mainly agriculture, mining, and metals, of which there is an abundance in the region. Yet the real buzz in the hallways and cafés wasn’t about panel discussions, raw materials, or the next sound bite for the press. What had international policy mavens all atwitter was President Trump’s unexpected speech in Saudi Arabia – which might well prove to be the Trump Doctrine: global crises, he said, are better resolved through diplomacy and mutually beneficial business partnerships, not bayonets, diktat, and moral sermonizing. That message, coming from the President of the United States, landed with force. During the three days I spent in Astana, I noticed that many delegates who normally spoke in well-rehearsed sound bites designed not to offend, suddenly spoke more bluntly, even going off-script. They dropped the cautious language and the standard foreign policy group-speak. What was going on?  Was this the Trump effect? My guess is that Trump’s Riyadh allocution was intended to rip up the decades-old foreign policy playbook of Brussels, London, and prior U.S. administrations. Instead of promoting the globalist/woke agenda, which had been de rigueur at international diplomatic clambakes of the Astana sort, Trump called for détente and reciprocity – more the realism of Nixon and Kissinger (leavened with a pinch of Ronald Reagan) than the idealism of Wilson and FDR. He wanted to deliver on his promise to the American people to make America great again (including boosting domestic manufacturing) rather than squander precious resources beating down any country that looks at us cross-eyed. Trump’s Riyadh speech — like his inaugural address — called for a peaceable foreign policy.  That message reverberated in Astana: “Before our eyes, a new generation of leaders is transcending the ancient conflicts and tired divisions of the past and forging a future where the Middle East is defined by commerce, not chaos; where it exports technology, not terrorism; and where people of different nations, religions, and creeds are building cities together — not bombing each other out of existence.” Perhaps most cutting was Trump’s indictment of interventionist dogma: “This great transformation has not come from Western interventionists giving you lectures... The gleaming marvels of Riyadh and Abu Dhabi were not built by 'nation-builders,' 'neo-cons,' or 'liberal non-profits'... Instead, the birth of a modern Middle East has been brought about by the people of the region themselves – pursuing their own visions and charting...

Kazakhstan Pursues New Partnerships Across Africa

Kazakhstan is strengthening its ties with Africa through strategic, long-term partnerships grounded in mutual benefit and respect, Deputy Minister of Foreign Affairs Alibek Kuantyrov stated during the panel session “Kazakhstan and Africa: New Frontiers of Cooperation” at the Astana International Forum on May 30. The session focused on deepening collaboration in trade, industrial development, technology exchange, and sustainable growth. Attendees included Olivier Jean Patrick Nduhungirehe, Rwanda’s Minister of Foreign Affairs and International Cooperation; Denis Christel Sassou N’Guesso, Congo’s Minister of International Cooperation; and Ooni Adeyeye Enitan Ogunwusi, the traditional ruler of Ife, Nigeria. According to Kuantyrov, trade between Kazakhstan and African countries rose by 15% in 2024, reaching $783 million. He highlighted growing interest in bilateral investment, particularly in agriculture, logistics, digital technologies, pharmaceuticals, and industrial manufacturing. “Kazakhstan approaches its dialogue with Africa not from a donor perspective, but as an equal partner,” Kuantyrov said. “We are ready to trade, co-invest, and share experience in green energy, digital governance, agri-processing, and logistics. As Africa becomes a center of global growth, the time is right to build multidimensional partnerships based on mutual respect, pragmatism, and sustainable development.” Sectoral Opportunities and Joint Ventures The discussion outlined specific areas of cooperation, such as the supply of halal and organic products to African markets and the creation of joint agri-processing clusters. Kuantyrov noted that Kazakhstan, one of the world’s top flour exporters, is well positioned to contribute to food security across the continent. Additional areas of proposed collaboration included telecommunications infrastructure, smart city solutions, and satellite technologies. Kuantyrov underscored Kazakhstan’s readiness to partner with African nations in developing advanced digital ecosystems. One example of African investment in Kazakhstan is a $33 million full-cycle pharmaceutical plant being built by Egyptian firm EIPICO. The project signals a growing reciprocal interest in industrial collaboration. Kazakhstan-Nigeria Roundtable Highlights Shared Priorities On the sidelines of the forum, a Kazakhstan-Nigeria roundtable convened representatives from Kazakhstan’s agro-industrial and IT sectors and Nigerian business leaders in finance and technology. The discussion centered on expanding economic ties, with particular attention to the export of Kazakh agricultural goods and cooperation on digitalization and urban innovation. The dialogue affirmed that both sides see strong potential in leveraging their respective strengths to drive sustainable growth and economic modernization.

Video: The Astana International Forum 2025: Shaping a Sustainable Future

The Astana International Forum 2025 brought together global leaders to tackle critical issues like energy, trade, and regional cooperation, highlighting Kazakhstan's commitment to multilateralism. The event underscored the nation's goal of uniting small and middle powers to shape a more inclusive and sustainable global future. [video width="1920" height="1080" mp4="https://timesca.com/wp-content/uploads/2025/06/Новый-проект.mp4"][/video] See our special coverage on the Astana International Forum here.

Kazakhstan Unveils Alatau: Investor-Led City with Crypto Ambitions

A major new urban development project is underway in Kazakhstan’s Almaty region, where a city named Alatau is being built with an emphasis on private investment and innovation. According to Zhaslan Madiyev, Minister of Digital Development, Innovation, and Aerospace Industry, the city is envisioned as a "magnet" for both domestic and international investors. Initially known as G4 City, the Alatau project was designed as a “smart city” comprising four interconnected districts: Gate District - A financial and business hub Golden District - A center for education and healthcare Growing District - An industrial and logistics zone Green District - An area for recreation and entertainment The development plan for Alatau aims to attract KZT 3.7 trillion (approx. $7.2 billion) in investment and expand the population from 52,000 to 2 million residents. The city will also be part of a special economic zone, with over 170 projects valued at KZT 12.5 trillion (around $24.4 billion) earmarked for implementation. Speaking at the Astana International Forum (AIF), Madiyev stated that the city could take one of two development paths: state-funded, as in the cases of Astana and Turkestan, or developed as a platform for private investment. “There are several options for how the city can be developed,” he said. “Alatau can be made a platform for investors. However, this requires an environment where the private sector can thrive. We need to design the entire landscape to support that in Alatau.” Madiyev also proposed key regulatory and infrastructural reforms to attract foreign investors. English should become the city’s main business language, cryptocurrency should be permitted for free circulation, and foreign nationals should be allowed to purchase real estate. These initiatives, he argued, would help position Alatau as a hub for education and tourism. “This city can become a magnet for young people who dream of living in places like Dubai,” Madiyev said. “We hope they will choose Alatau.”

Kazakhstan to Launch First International Outlet Center

An agreement to establish Kazakhstan’s first international outlet center has been signed at the Astana International Forum. According to the Ministry of Trade and Integration, the large-scale project will be located in the Almaty region and developed by QSM Group in partnership with Austria’s Ekazent Management GmbH, a leading player in the European commercial real estate market. Ekazent will oversee the entire planning and operational framework for the outlet center. This includes conducting a marketing study to determine the optimal location, defining the architectural and functional concept, developing a long-term management strategy, and managing day-to-day operations after the center opens. The Austrian firm will also be responsible for attracting international brands and tenants to the retail spaces. The future outlet center will span between 80,000 and 120,000 square meters and will include shopping galleries, hotels, restaurants, playgrounds, and other leisure facilities. Kazakhstan’s Minister of Trade and Integration, Arman Shakkaliyev, hailed the project as a milestone for the country’s retail sector. “Today, there are no Western-style outlet centers in Central Asia, which creates a unique competitive advantage. Kazakhstani consumers show consistent interest in branded goods and lifestyle-oriented shopping,” Shakkaliyev said. He also emphasized the strategic value of the Almaty region’s location, noting its proximity to the capitals of Uzbekistan and Kyrgyzstan and well-established transport corridors from China, Turkey, the UAE, and Russia. The outlet is expected to become a major attraction for both residents and international visitors. Globally, the outlet retail market exceeds $100 billion and continues to grow at an annual rate of 5-7%, with the fastest expansion occurring in Asia. The announcement coincided with the broader discussions at the Astana International Forum, which brought together leaders from several countries to address key global issues such as energy security, geopolitical cooperation, trade, and sustainable development.