TAV Airports took over operations in Almaty, the economic capital and the busiest airport of Kazakhstan in April 2021. TAV Airports is now 85% beneficial owner of Almaty Airport and associated fuel and catering businesses, and Kazakhstan Infrastructure Fund, managed by VPE Capital and backed by Kazyna Capital Management, holds the remaining 15% stake. Almaty is the first airport in TAV Airports’ portfolio where the company owns the airport instead of a time limited concession. Kazakhstan’s main aviation gateway and the flag carrier Air Astana’s base, Almaty Airport is an important junction on the modern “Silk Road”. TAV Airports is investing around USD 200M to increase the airport’s capacity to 14 million passengers.