The Eurasian Development Bank (EDB) and international real estate developer Griffin Partners have signed a partnership agreement aimed at expanding modern warehouse infrastructure across Central Asia. The agreement was signed during the Eurasia 2030+ Forum in Almaty.
The first project under the partnership will be Griffin Logopark Almaty, a Class A+ logistics complex with a total gross leasable area of 125,421.4 square meters. Total investment in the development is estimated at approximately $125 million.
Strategic Location Near Almaty Ring Road
The logistics park will be located in the northern part of Almaty, adjacent to the Big Almaty Ring Road (BAKAD), providing direct access to the A3 highway connecting Almaty, Konaev, and China—one of Central Asia’s key international freight corridors.
The facility will become part of Alatau City, an emerging digital, technology, and logistics hub currently being developed on the outskirts of Almaty.
Its location provides excellent connectivity to major transport infrastructure: approximately 1 km from BAKAD, 13.5 km from Almaty International Airport, 12.5 km from the city’s freight railway terminal, and 20 km from downtown Almaty.
First Phase Scheduled for 2027
Construction will be carried out in two phases. The first phase, covering 62,710.7 square meters, is scheduled for completion in the third quarter of 2027.
The project is expected to create approximately 1,000 new jobs, attract substantial foreign direct investment, and establish a modern logistics platform serving northern Almaty and surrounding industrial areas.
The logistics park is surrounded by manufacturing and distribution facilities operated by major international FMCG companies. Its location is expected to shorten delivery distances for tenants, optimize supply chains, and reduce logistics costs for consumer goods suppliers.
New Benchmark for Warehouse Real Estate
According to Aibol Rakhimbayev, Head of the Department for Entrepreneurship and Industrial-Innovative Development of the Almaty Region, the project represents a strategic investment for Kazakhstan’s logistics sector.
“The implementation of Griffin Logopark Almaty will strengthen the Almaty Region’s position as one of Kazakhstan’s leading logistics hubs. Modern warehouse infrastructure will enhance the region’s transit potential, attract new investments, and create additional jobs. We welcome Griffin Partners’ cooperation with the Eurasian Development Bank and are confident that this project will make a significant contribution to the region’s economic development.”
Sergey Ignatov, Senior Managing Director at EDB, described the agreement as a strategic partnership.
“Our cooperation with Griffin Partners represents a long-term strategic partnership. We welcome such an experienced international developer to the Central Asian market. I am confident that our joint projects will establish new quality standards for warehouse real estate across the region while supporting EDB’s strategy to develop the Eurasian transport and logistics network.”
Oleg Gusakov, representing Griffin Logopark Almaty LLC, emphasized the importance of EDB’s support.
“EDB’s participation will enable us to deliver infrastructure of the highest quality with predictable construction timelines, transparent lease agreements, and reliable operating conditions. Projects like this become the foundation for the development of surrounding areas, including the rapidly growing Alatau City. We are confident that Griffin Logopark Almaty will attract leading national and international companies, support their growth, and improve the availability of consumer goods for the residents of Almaty.”
Kazakhstan Continues Expanding Warehouse Capacity
According to market research, the Almaty region accounts for approximately 60% of Kazakhstan’s modern warehouse stock, making it the country’s primary logistics hub.
In 2025, the region recorded a historic delivery of approximately 320,000 square meters of new warehouse space. This increased the vacancy rate from 4.9% to 5.6%, while average rental rates adjusted to around $120 per square meter per year.
Despite recent growth, Kazakhstan remains significantly under-supplied with high-quality logistics facilities compared with developed markets, while demand for modern warehouse infrastructure continues to rise.
For the Eurasian Development Bank, the project aligns with its long-term strategy of developing the Eurasian Transport Framework, one of its flagship regional initiatives. For Griffin Partners, the Almaty logistics park strengthens the company’s expanding presence in Central Asia, complementing its ongoing logistics park development in Samarkand, Uzbekistan.
Industry experts believe Griffin Logopark Almaty will further reinforce Kazakhstan’s role as a strategic logistics gateway linking China, Central Asia, and broader Eurasian markets.
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