TAV Airports signed a share purchase agreement to acquire 100% of the shares of Almaty Airport, together with its consortium partner VPE Capital. The agreement comprises the acquisition of the airport and associated businesses for US$ 415 million. TAV Airports’ share in the consortium will be no less than 75% and the share transfers will take place upon closing with the completion of all legal prerequisites and procedures. Located in the southeast of the country and an important stop on the ancient Silk Road, today Almaty is a strategical junction along with the “One Belt One Road” project, connecting China-Central to West Asia. Kazakhstan leads Central Asia in economic growth and generates roughly 60% of the region’s GDP.

The base of the flag carrier Air Astana, Almaty Airport served 6.4 million passengers in 2019, with a 13% increase compared to the previous year. Bek Air, SCAT Airlines and Qazak Air also use Almaty as their base. In 2018 the airport served 58K cargo (70% of all cargo in Kazakhstan) with substantial increase potential.