Dubai: DP World is investing a billion dollars to develop a free trade zone at the port of Aktau in Kazakhstan.
Yesterday a Kazakh delegation, headed by Deputy Prime Minister Asset Issekeshev, signed an agreement with DP World, to cooperate in the management of the port and free economic zone based there.
Buoyed by huge oil and gas finds Kazakhstan is one of the fastest growing economies in the world, but its container infrastructure is severely lacking.
DP World had said earlier its capex for the next two years would be around $3bn. [25/04/13]
