Marina World July August 2023

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MARKET UPDATE: CASPIAN SEA Layout of the Yelken Yacht Club and its marina in Turkmenistan. The club opened in 2010 and offers the best infrastructure in the Caspian Sea. In need of new marinas – and new money Over the past few years, the Caspian Sea – the world’s largest inland body of water – has seen a lack of investment in yachting infrastructure. There are various reasons for this, including the administrative pressures of local authorities and questionable profitability. The low living standards of a large proportion of the local population also remain the key factor in discouraging potential investors. Vladislav Vorotikov reports The construction of a marina in Aktau, the sea capital of Kazakhstan, seems to be a never-ending story. The idea was originally greenlighted by the Aktau city council in 2007 as part of a comprehensive yachting infrastructure development programme in the city. However, the authorities failed to find an investor, so the project was postponed to be revived every two to three years. The last time this happened was in 2021 when Nurdaulet Kilybay, mayor of Aktau, announced plans to build a marina on the Rocky Path, part of the coastline within the city’s boundaries. He estimated that the construction could complete by 2024 or 2025, but it is yet to be started, again supposedly due to a lack of interested investors. This scenario is typical for the Caspian Sea where plans to build new sea infrastructure are so often laid out but remain only on paper. Under a Caspian Sea port development strategy, yachting infrastructure is due to be built in the ports of Makhachkala and Derbent in the Dagestan Republic. However, it is not clear when this would happen. As of today, on the 530km (329mi) Dagestan coastline, not a single marina is in operation, according to Aliyev Ali Magomedovich, who, with a group of enthusiasts, launched yacht building in the republic. One of three yacht clubs in Baku, the capital of Azerbaijan. Local investors continue to mull over plans to build new marinas. Yachting in Kazakhstan is also in embryo, and local analysts argue about the root cause. Natalia Butyrina, an Aktau-based journalist writing about the yachting industry, is confident that many Aktau citizens are willing to purchase sailing yachts or motor boats, but are discouraged by the lack of infrastructure for mooring their vessels during the season and the repair facilities available. “A growing number of foreign yachtsmen are also showing interest in coming to the waters of our region. This means that there is an increasing need for modern marinas with good service. However, there are no yacht ports on the coast and a few mooring sites for small vessels that are not included in the general international tourism network,” Butyrina admitted. Last one standing The cost of building a marina in Aktau is estimated to be close to US$15 million, and Butyrina is convinced it would give powerful impetus to the development of yachting in this part of the Caspian Sea. Investors, however, seem not to share the same confidence, especially since the city’s only yacht club ‘Breeze’ has been fighting over the past few years with the city council for survival. The council says it wants the plot to build a new embankment. During Soviet times, Aktau and other towns on the Kazakh coast housed several yacht clubs, but now Breeze is the last one still in operation. If it is 32 www.marinaworld.com – July/August 2023
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