Iran and Kazakhstan have eagreements to establish a joint terminal at Iran's Shahid Rajaee Port in Bandar Abbas, Kazakhstan's consul in Hormozgan Province said on Wednesday, November 11.
Dauyrbek Duisbay said that the terminal would provide port handling arrangements and facilities for traders and investors from both countries and that Kazakhstan's private sector was ready to participate in port investment projects at the facility.
Duisbay also said the two countries were working towards annual bilateral trade of US$3 billion. Kazakhstan's government put bilateral trade at US$430.2 million in 2025, an increase of 26.4 per cent.
In June, the two sides signed a build-operate-transfer agreement in Tehran allocating land at Shahid Rajaee for a Kazakh transport and logistics terminal. The Kazakh Government said the contract will run for 27 years, with a two-year construction phase followed by 25 years of operation. Commercial operations are planned for the third year.
Hossein Abbas Nejad, Head of the Ports and Maritime Organisation of Hormozgan Province, said that the site covers approximately 15 hectares and would include warehouses, container yards, specialised handling equipment and a rail terminal.
The investment of about US$25 million would be financed entirely by Kazakh investors.
Abbas Nejad said the contract is structured so that most cargo will enter and leave the port by rail, with both bulk and containerised cargo handled. He forecast throughput of 1.5 million tonnes annually from the second year of operation.
Contract provisions are reviewable every five years.