Mangystau region secures major shipbuilding investment deal in Brussels
As part of the Kazakhstan-EU roundtable meeting held in Brussels on June 23, Kazakhstan’s Mangystau region and the Netherlands' Damen Shipyards Group entered into a framework agreement on the project of construction of a shipyard in Kazakhstani sector of the Caspian Sea, Qazinform News Agency reports.
The total investment in the project is estimated at around 100 million euros.
The initiative is aimed at the establishment of a modern ship-building production facility in the Caspian region, development of domestic production capacities and strengthening maritime transport infrastructure.
The sides plan to introduce modern technologies, create a new production site for the construction of vessels and generate jobs.
The project is called to enhance the region’s industrial capacity, expand its transport and logistics potential and strengthen cooperation among Caspian states.
Damen Shipyards Group is one the world’s leading companies in ship-building and maritime infrastructure development.
Earlier, it was reported that several documents had been signed following the talks between President Kassym-Jomart Tokayev and EU leaders António Costa and Ursula von der Leyen in Brussels.
