{"id":80365,"date":"2024-08-14T00:00:00","date_gmt":"2024-08-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/14\/qatars-qazair-investments-to-fully-acquire-kazakhstans-atyrau-airport\/"},"modified":"2024-08-14T00:00:00","modified_gmt":"2024-08-14T00:00:00","slug":"qatars-qazair-investments-to-fully-acquire-kazakhstans-atyrau-airport","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/14\/qatars-qazair-investments-to-fully-acquire-kazakhstans-atyrau-airport\/","title":{"rendered":"Qatar\u2019s QazAir Investments to fully acquire Kazakhstan\u2019s Atyrau Airport"},"content":{"rendered":"

Qatari firm QazAir Investments has received approval from the Kazakh government to <\/strong>acquire <\/strong>full ownership of Kazakhstan\u2019s Atyrau Airport<\/strong>, Kazakhstan news agency Kursiv Media<\/a> reported. The airport is currently owned by ATMA - Atyrau Airport and Transportation, a JV between Turkish Ma\u011fdenli Yer Hizmetleri ve Ta\u015f\u0131ma A.\u015e. and the Social-Entrepreneurship Corporation of Atyrau who each hold a 50% stake in the airport. Financial details and timeline of the acquisition have not been disclosed.<\/p>\n

More details:<\/strong> The airport is strategically located near Kazakhstan's oil exploration sites and platforms on the Caspian Sea, serving as a key export point for many oil and construction companies. In 2007, ATMA <\/span>built a new terminal building<\/a> and a longer runway boosting the airport\u2019s total space to 3,686 sq meters. The new terminal can serve 450 passengers an hour.<\/span><\/p>\n

Freight capacities: <\/strong>The airport\u2019s freight services include a 300 sq m cargo warehouse which processes 450 tons of cargo, mail and luggage monthly, according to their website<\/a>. The airport supports passenger and cargo flights to Turkey, Egypt, Russia and the Netherlands, according to Kursiv Media.<\/p>\n

About QazAir Investments: <\/strong>The firm is registered under the Qatar Financial Center (QFC) as a limited liability company with a capital of USD 1k and equity capital of USD 300k. <\/p>\n

Qatar has been on an acquisition spree: <\/strong>Qatar Airways has been looking to acquire 20% of South African-based airline Airlink<\/a> and is currently finalizing the acquisition<\/a> of a 49% stake in RwandaAir. The carrier acquired a 60% stake in a USD 1.3 bn international airport development in Rwanda back in 2019, which is slated for completion in 2027. The carrier also inaugurated its first cargo hub<\/a> outside of Qatar last year at Kigali International Airport in Rwanda in partnership with RwandAir.<\/p>\n","protected":false},"excerpt":{"rendered":"

QazAir will acquire a 100% of Kazakhstan\u2019s Atyrau 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