BAKU, Azerbaijan, June 24. A shipbuilding plant
worth around 100 million euros will be built in Kazakhstan’s
Mangystau region, according to the region administration.
A framework agreement on the project, titled “Construction of a
Shipyard in the Kazakhstan Sector of the Caspian Sea,” was signed
between the Mangystau region and Dutch Damen Shipyards Group during
the Kazakhstan–European Union Business Forum in Brussels.
The total investment in the project is estimated at around 100
million euros.
The initiative aims to establish a modern shipbuilding facility
in the Caspian region, expand Kazakhstan’s domestic industrial
capabilities and strengthen maritime transport infrastructure.
As part of the project, the parties plan to introduce modern
technologies, create a new production site for the construction of
marine vessels and generate skilled jobs.
The project is expected to enhance the industrial capacity of
the Mangystau region, expand the region’s transport and logistics
potential and strengthen cooperation among Caspian countries.
Damen Shipyards Group is one of the world’s leading companies in
shipbuilding and maritime infrastructure development.
According to the regional administration, the project aligns
with Kazakhstan’s broader goals of attracting investment,
developing manufacturing industries and increasing domestic
production capacity.
