BAKU, Azerbaijan, August 13. The total value of completed and ongoing investments by Turkish airport operator TAV Airports in the development of Almaty International Airport has reached 572 million euros, the company told Trend.
"Since assuming operations in 2021, TAV Airports has invested substantially in the development of Almaty International Airport. We completed the first investment programme, totaling 257 million euros, including the new international terminal and VIP terminal, in 2024. We are currently implementing the second-phase investment programme for 2025-2027, with a total investment of EUR 315 million. Together, completed and ongoing investments amount to 572 million euros," the company said.
Commenting on the recent announcement that TAV Airports had acquired the remaining 15% stake in Almaty International Airport, the company said that consolidating 100% ownership strengthens the operator's position in managing and further developing the airport.
"The transaction reinforces our long-term commitment to Almaty International Airport and simplifies the ownership structure by bringing the airport under full ownership upon closing. This reflects our confidence in the asset following the successful development of the airport over the past several years, including the opening of the new international terminal in 2024," the company said.
TAV Airports also noted that Almaty International Airport continues to demonstrate resilient operating performance.
"During the first six months of 2026, the airport served 5.76 million passengers, representing 2% year-on-year growth. While domestic traffic was affected by the Pratt & Whitney engine issues impacting airline operations, international passenger traffic increased 9%, supported by continued strong demand for travel to destinations such as China, Thailand and Vietnam. Commercial aircraft movements also rose 5% compared to the same period of 2025.
For the remainder of the year, we expect the gradual increase in passenger tariffs to largely offset the impact of lower jet fuel sales volumes on revenues. In Almaty, we remain focused on increasing aviation revenues, improving operational efficiency and creating long-term value," TAV Airports said.
The company also stressed that Almaty International Airport serves as an important gateway connecting Asia, Europe and the Middle East.
"Located in Kazakhstan's economic centre, it plays a key role in regional passenger and cargo connectivity and continues to benefit from growing trade and transportation flows across Central Asia and Eurasia. We believe these structural fundamentals support the airport's long-term strategic importance within both the region and TAV Airports' portfolio," the company said.
