Kazakhstan and Chinese company advance $1 billion Kuryk port project

Kazakhstan's Baiterek Holding has signed a memorandum of cooperation with China's Guoyou Materials Group for a $1 billion investment project to develop port infrastructure at Kuryk Port. The agreement was signed during the Kazakhstan Global Investment Roundtable 2026 (KGIR-2026) in Shymkent, according to Qazinform News Agency.

The memorandum, signed by Baiterek Chairman of the Management Board Rustam Karagoishin and Guoyou Chairman of the Board Yu Boyang, outlines cooperation on building a multifunctional terminal as part of the first phase of the port's development. The terminal is planned to handle 15 million tons of cargo annually, with scope for further expansion. Baiterek is considering comprehensive support for the project through financing and other instruments available via its subsidiaries.

Guoyou Materials Group, headquartered in Tianjin, specializes in international trade, logistics and supply chain management and comprises 33 subsidiaries. In Kazakhstan, it operates a port and logistics project in Mangistau region through Kazakhstan Guoyou Investment. The development is expected to increase cargo capacity along the Trans-Caspian International Transport Route and expand domestic exporters' access to international markets. Talks on the financial model are scheduled.