Kazakhstan and Singapore to expand transport and trade cooperation focusing on Middle Corridor

Kazakhstan and Singapore will expand cooperation in multimodal transport, trade, and digitalization, with a primary focus on developing the Middle Corridor, Report's Kazakhstan bureau informs.

The memorandum was signed between Middle Corridor Multimodal Ltd and Singapore Cooperation Enterprise following a meeting between Kazakh Prime Minister Olzhas Bektenov and Singaporean Senior Minister Lee Hsien Loong.

The document provides for the introduction of modern approaches to developing transport and trade ecosystems, digitalizing logistics processes, and increasing the efficiency of multimodal transport. Special attention will be paid to unlocking the potential of the Middle Corridor, which connects China and Central Asian countries with European markets via Kazakhstan, the Caspian Sea, Azerbaijan, and Türkiye.

During the meeting, the sides also discussed prospects for further expanding trade, economic, and investment cooperation. In the first six months of 2026, trade turnover between Kazakhstan and Singapore reached $777 million, increasing 2.5 times compared to the same period last year. For 2025, the gross inflow of foreign direct investment from Singapore into Kazakhstan totaled about $1.5 billion.

Digitalization, artificial intelligence, the agro-industrial complex, and the transport and logistics sector were also highlighted as promising areas of bilateral cooperation.

Additionally, Kazakhstan and Singapore signed an agreement on cooperation in sustainable urban water and waste management, which provides for the exchange of experience and professional development training for Kazakh specialists.