• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10811 -0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 31

Turkic States Focus on AI and Trade at Kazakhstan Summit

Leaders of the Organization of Turkic States (OTS) are holding an informal summit in the city of Turkistan, focused on artificial intelligence, digitalization, and economic integration, as Central Asia gains importance as an alternative trade corridor between Europe and China. The meeting brings together the leaders of Kazakhstan, Turkey, Azerbaijan, Uzbekistan, and Kyrgyzstan, along with representatives of observer states. Discussions are centered on digital platforms, joint AI projects, transport corridors, and industrial cooperation. The summit comes amid rapid growth of the Trans-Caspian International Transport Route, also known as the Middle Corridor, which links China and Europe through Central Asia and the Caucasus while bypassing Russia. According to analysts in Kazakhstan, cargo volumes along the route reached 3.3 million tons in 2024, almost six times the 2021 level. Turkish President Recep Tayyip Erdoğan arrived in Astana on a state visit ahead of the summit and held talks with Kazakh President Kassym-Jomart Tokayev. “Kazakhstan and Turkey are connected by enduring friendship, brotherhood, and eternal partnership,” Tokayev said following the meeting. Erdoğan thanked Kazakhstan for the reception and highlighted the escort provided by Kazakh military fighter jets after his aircraft entered the country’s airspace. According to participants at the OTS business forum, the combined GDP of member states exceeds $2.1 trillion, while their total population stands at 178 million people. Despite increasing political coordination, trade between OTS countries still accounts for only around 7% of their total foreign trade turnover, leaving considerable room for deeper economic integration, analysts say. OTS member states are increasingly seeking to expand cooperation beyond cultural and political ties by focusing on logistics, the digital economy, and joint investment projects. Kazakhstan views the organization as one of the instruments for diversifying its foreign economic relations and expanding its role as a transit hub between Asia and Europe.

Kazakhstan Aims to Increase Non-Commodity Exports by More Than a Quarter by 2030

Kazakhstan plans to increase non-commodity exports to $52 billion by 2030, Prime Minister Olzhas Bektenov said during a plenary session of the Berne Union, the world’s largest international association of export credit and investment insurers. The forum, held in Central Asia for the first time, brought together representatives of international financial institutions, export credit agencies, and investors. According to Bektenov, the export target is outlined in Kazakhstan’s Trade Policy Concept. By the end of 2025, the country’s non-commodity exports totaled approximately $41 billion. The prime minister said Kazakhstan continues to expand its network of free trade agreements within the framework of the Eurasian Economic Union (EAEU). In addition to existing agreements with Vietnam and Serbia, new arrangements with the United Arab Emirates (UAE), Mongolia, and Indonesia have been concluded over the past two years.  Authorities are also placing particular emphasis on the development of the Trans-Caspian International Transport Route, which Kazakhstan views as one of the key trade corridors connecting Asia and Europe. “Our head of state consistently places special emphasis on improving the business climate. Today, Kazakhstan, as the largest economy in the Central Asian region, continues the structural transformation of its national economy,” Bektenov said. According to him, foreign direct investment into Kazakhstan increased by 14.4% to reach $20.5 billion, while investment in fixed capital rose by 13% to a record $43.5 billion. Kazakhstan’s foreign trade turnover reached $144 billion in 2025. “Today, our goods are exported to 127 countries around the world, and the list of active export product categories has approached 4,000 items,” the prime minister said. Bektenov stressed that the development of international trade, transport and logistics infrastructure, and export capacity is directly linked to improving the country’s investment attractiveness. He invited forum participants to expand cooperation with Kazakhstan in trade, investment, and infrastructure projects. Berne Union President Yuichiro Akita said Kazakhstan continues to serve as a key link in global trade routes dating back to the era of the Silk Road. “Today, the global community once again finds itself at a historical crossroads. A fundamentally different architecture of interaction is emerging, where export credit agencies are moving toward a more strategic and selective approach,” Akita said. According to him, discussions in Astana should help develop new mechanisms for international cooperation amid changes in the global economy. The Times of Central Asia previously reported that Kazakhstan also aims to increase exports of IT services to $5 billion by 2030. The government also plans to produce five or six Earth observation satellites in the coming years, some of which are intended for export.

Kazakhstan Tests Trans-Caspian Route for Flour Exports to U.S.

Kazakhstan has begun testing a new export route for shipping finished products to the United States via the Trans-Caspian International Transport Route (TMTM), marking a step toward diversifying logistics and expanding the geographic reach of its exports. In early March, KTZ Express JSC organized the multimodal transport of a shipment of Kazakhstani flour along the route. The project is considered a pilot, but its results could help determine the prospects for establishing a sustainable commercial corridor. The shipment consisted of 24 tons of wheat flour. The shipper was SALAMAT Company LLP, one of Kazakhstan’s leading flour producers. Transportation is being carried out in container format using both rail and maritime infrastructure. The route includes: Kostanay to the Port of Aktau by rail Crossing the Caspian Sea to the Port of Alyat (Azerbaijan) Transit through Georgia via the Port of Poti and across the Black Sea Further maritime transport via Istanbul and the Mediterranean Sea Entry into the Atlantic Ocean with final delivery to New York The maritime segment of the route is being carried out in partnership with CMA CGM, one of the world’s largest container shipping companies. The project demonstrates that the TMTM can be used for the delivery of higher value-added products to distant markets, including the U.S. This is not the first shipment of Kazakhstani flour to the U.S. In 2025, the product had already entered the U.S. market, becoming available on platforms such as Amazon and Walmart, as well as being used by a number of bakeries. Currently, there are plans to expand distribution, including entry into the restaurant and coffee shop segments. The Kazakhstani side is also preparing to supply flour to major retail chains such as Costco, Whole Foods Market, and Trader Joe’s. According to project participants, the successful completion of the pilot shipment has confirmed the viability of the logistics model. As part of further development, there are plans to shorten the maritime segment. In particular, the option of shipping cargo directly from Istanbul to New York without additional stops at European ports is being considered, which would reduce delivery times. Officials have not yet confirmed whether the route will be established as a regular commercial channel or remain a pilot project.

How the Container Hub in Aktau Is Changing the Game on the Trans-Caspian Route

The Trans-Caspian International Transport Route (TITR) is experiencing rapid growth. Against the backdrop of geopolitical shifts and the restructuring of global supply chains, it is increasingly seen as a reliable alternative to traditional maritime routes. The next major step in its development will be the launch in 2026 of Kazakhstan’s first container hub in the port city of Aktau. The project is expected to accelerate cargo handling, create a full container infrastructure, and strengthen the competitiveness of the route as a whole. But will it be enough to elevate the corridor to the level of the world’s key transport routes? The Times of Central Asia sat down to discuss these important regional developments with Damir Kozhakhmetov, CEO of KTZ Express, the transportation and logistics subsidiary of Kazakhstan Railways (KTZ). TCA: The launch of the container hub at the Port of Aktau is scheduled for 2026. What stage is the project currently at? Are there already forecasts for handling volumes? DK: Construction of the container hub is proceeding according to schedule. The first phase of the project has already been completed: on December 25, 2025, the facility entered pilot industrial operation. The design capacity of the first phase is 140,000 twenty-foot equivalent units (TEUs) per year. As part of the project, a rail-track complex approximately three kilometers long has been built, a container yard covering 19,300 square meters has been created, and two modern rail-mounted gantry cranes with a lifting capacity of 41 tons each have been installed. The main loading and transport equipment has also been procured and commissioned. At the same time, supporting infrastructure has been developed, including roads, administrative and auxiliary buildings, engineering and utility networks, lighting systems, and perimeter security. Comprehensive testing of the process equipment is currently underway, and the terminal’s digital control systems are being configured. At the same time, the hub’s IT systems are being integrated with the digital infrastructure of the Port of Aktau to ensure operational transparency and reduce container processing times. Staff training and the refinement of production processes are also continuing during the trial-operation phase. Overall, the facility is steadily moving toward commercial operation, with commissioning work scheduled for completion by the end of March 2026. As for throughput, a phased ramp-up to design capacity is expected in 2026, with utilization increasing gradually. TCA: How will the launch of the container hub affect capacity utilization at Aktau itself? DK: We expect a significant synergistic effect. The project is primarily aimed at attracting additional container traffic, particularly within the TITR framework. This will allow for fuller and more efficient use of the port’s infrastructure. It is important to note that the development of port capacity is already aligned with projected cargo growth. Dredging work is underway in the port basin, while additional berths are being reconstructed and developed. Combined with the modernization of transshipment equipment, this creates the infrastructure reserve needed in advance. The container hub will operate in close cooperation with existing terminals, expanding the port’s logistics capabilities. This will...

Amid Global Unrest, the Trans-Caspian Corridor Faces a Crucial Test

The COVID-19 pandemic, geopolitical conflicts, and the ongoing shipping crisis in the Red Sea caused by Houthi attacks have severely disrupted global trade and logistics. These events have exposed the vulnerabilities of traditional supply chains and underscored the urgent need for diversification. For countries along the Trans-Caspian International Transport Route (TITR), this presents a unique opportunity to solidify the corridor’s position as a key global logistics artery. But are they prepared to capitalize on this moment, and can the existing infrastructure sustain the rising flow of cargo? Integration and Infrastructure in Focus For landlocked nations, the value of an efficient overland route cannot be overstated. The development of the Trans-Caspian route depends on synchronized multimodal logistics, the elimination of infrastructure bottlenecks, the implementation of digital solutions, expedited customs procedures, and a transparent tariff policy. Experts note that the TITR has evolved from a transport project into a strategic initiative. Its future growth hinges on the quality of intergovernmental coordination. In the past five years, transit volumes along the route have increased sixfold. The upward trend continues in 2025, with 2.6 million tons transported by rail in the first ten months alone. More than 400 types of goods now move along the corridor, including high-value items such as vehicles, electronics, clothing, and textiles. These products, which require timely delivery, signal the route’s growing integration into global supply chains. Demand from Chinese shippers is also rising, with shipments expanding beyond China’s interior to include Southeast Asian countries. At the VII International Transport and Logistics Business Forum “New Silk Way,” Wang Lixin, Deputy Director General of China Railway, announced a new route under development: Southeast Asia-China-Central Asia-Europe. Bottlenecks That Threaten Growth A comprehensive audit conducted in mid-2025 revealed key barriers to expansion. In Kazakhstan, the primary constraint is railway capacity, currently limited to 12 container trains per day. National rail operator KTZ plans to raise this to 20 by 2027 through upgrades and new construction. The maritime segment, particularly the Caspian Sea, remains a persistent risk. Aktau port can currently handle five trains, but the completion of the second phase of its container hub is expected to raise this to eight. The first phase alone will boost capacity by 140,000 TEU this year, bringing the port’s total capacity to 240,000 TEU. However, falling water levels in the Caspian pose a serious challenge. In September 2025, Kazhydromet reported a drop to -29.31 meters off Kazakhstan’s coast, limiting shiploads and raising the threat of “shallow water restrictions.” In response, Kazakhstan has expedited dredging to restore design depths by the end of Q1 2026. Fleet shortages compound the issue. Kazmortransflot operates just three 350 TEU container ships and two dry cargo vessels. In January 2025, the company signed an agreement with Abu Dhabi Ports Group to build shallow-draft container ships with over 500 TEU capacity and larger ferries. KTZ also plans to acquire six vessels (up to 9,000 tons deadweight) by 2027. Challenges in Azerbaijan and Georgia The western segment of the route faces similar constraints....

How to Harness Momentum Along the Middle Corridor: Interoperability on the New Silk Road

When most people think of the “Silk Road,” they picture a single camel train inching across a tan horizon, blue-white porcelain strapped beside bolts of silk. That fairytale, however romantic, was never true. Medieval Eurasia operated on multiple, overlapping, and improvised routes, often seasonal. And frankly, for a Westerner at the far end, it scarcely mattered how the goods got there, only that they did. Then, oceanic shortcuts and the Americas rewired global trade; two world wars shattered old geographies, and the Iron Curtain sealed Central Asia into a blank space on Western mental maps. Now, the region is reopening on its own terms, and supply chains are being redrawn in real time. Suddenly, the term “Middle Corridor” has become trendy. The Caspian Policy Center held its 3rd Trans-Caspian Connectivity Conference in London in July this year, focusing on the theme “Harnessing the Momentum, Building on the Synergies.” The title itself implies a recognition of some “momentum” and some “synergies.” A couple of months after the London conference, I spoke by phone with David Moran, a former UK ambassador with extensive experience in the region, to ask him about what he thinks of the whole “New Silk Road” idea. His point is refreshingly unsentimental: stop imagining a line and start thinking of it as a web of interconnected channels. In practice, that means folding energy, digital, finance, and steel into a single operating picture so capital shows up on better terms; widening the frame from C5+1 to a Central Asia–South Caucasus–Turkey logic that actually matches how goods and electrons move; and fixing bottlenecks that are more about governance than concrete. We talked about quiet levers: insurance that prices climate risk properly, a digital spine that makes rail and the Caspian behave like one network, and the long-cycle drivers that turn logistics into strategy. Compound those gains, and pretty soon you’ve built something you no longer have to call “alternative.”  “Alternative” lets officials kick decisions into next year; “strategy” forces sequencing, standards in definitions, and capital discipline today. It also resets expectations: this is not a clever detour around trouble, it is the backbone of a regional growth story that European lenders might just actually know how to price. Seen that way, the geography snaps into focus. On the Caspian, Aktau and Kuryk on one shore and Baku on the other form the hinge, while the BTK railway and Kazakhstan’s Altynkol–Zhetygen pull weight inland. Atyrau is the western Kazakh air node that connects workers, parts and schedules to the Caucasus, the Gulf, and Europe. Thread through the rest: Black Sea power interconnect ideas, subsea data routes, the hydrocarbon pipes already in place. Put it together and you have a web with redundancy, optionality, and recognisable standards built in. If there’s one real shift, it’s moving from projects to an operating plan. Moran puts it cleanly: “Go for a fully integrated regional connectivity strategy -- energy, digital, finance, infrastructure -- rather than working through sectoral initiatives separately.” Integration isn’t a slogan; it’s how you...