Khorgos East Gate SEZ · Kazakhstan
A+ Multi-Service Logistics Centre
The project involves creating a Class A+ warehouse complex in the Khorgos SEZ to serve cargo flows along the Middle Corridor between China, Central Asia, and Europe. The launch targets the undersupplied segment of quality warehouse space at one of the EAEU's key hub points.
Recommended scenario
IRR 21%
NPV $5.8M · 15,000 m²
Scenario
CAPEX
Payback
IRR
EBITDA
Standalone Phase I
5 000 m²
$2 800 000
11 years
10%
26%
Accelerated Development
15 000 m²
Recommended$9 450 000
8 years
21%
54–56%
Phased Development
15 000 m²
$9 450 000
9 years
18%
54%
Maximum Scale
18 000 m²
$12–15 млн
5–5.5 years
21–23%
34–40%
SEZ Advantages
Tax and Customs Benefits
- 0% Corporate income tax — for 25 years
- 0% VAT on transactions within the SEZ and exports
- 0% Property and land tax — for 10 years
- Free Customs Zone regime: storage of foreign goods without duties or VAT, indefinitely
Facility Services
- Bonded warehousing
- Cross-docking
- Customs brokerage
- Sorting and repacking
- Office rental for brokers
Target Audience
- International 3PL operators35%
- Chinese exporters25%
- Kazakhstani importers25%
- E-commerce platforms15%
Recommendation
Accelerated construction of 15,000 m² in 3 years
The most effective scenario: IRR 21%, reaching full capacity 2 years ahead of standard timelines. EBITDA margin 54–56% at NPV $5.8M (discount rate 12%).