AD Ports Group from Abu Dhabi has signed a heads of terms (HoT) agreement with Semurg Invest, the owner and developer of Sarzha Multifunctional Marine Terminal at Kazakhstan\u2019s Kuryk Port, to potentially invest in a grain terminal.<\/p>\n\n\n\n
Under the terms of the agreement, the two companies would form a joint venture to invest, operate and develop Sarzha terminal on the Caspian Sea into a multipurpose terminal.<\/p>\n\n\n\n
AD Ports\u2019s global footprint has latterly focused significantly on Central Asia. <\/p>\n\n\n\n
Abdulaziz Zayed Al-Shamsi, regional CEO, AD Ports Group, said \u201cThis project would be of significant strategic importance, particularly in the context of the Transcaspian International Transport Route (TITR). Forming a joint venture with Semurg would be a key milestone in our Middle Corridor strategy.\u201d<\/p>\n\n\n\n
Nurzhan Marabayev, general director at Semurg, said: \u201cCaspian Sea ports have emerged as pivotal hubs within the fast-growing global logistics supply chain. The cooperation between our two companies would bring new impulse to the ports development in Kazakhstan considering AD Ports Group\u2019s experience and expertise.\u201d<\/p>\n\n\n\n
This agreement follows the signing of a memorandum of understanding (MoU) with Kazakhstan\u2019s Ministry of Industry & Infrastructural Development in January 2023 for strategic cooperation in the development of a marine fleet and coastal infrastructure in the Caspian and Black Seas.<\/p>\n","protected":false},"excerpt":{"rendered":"
AD Ports Group from Abu Dhabi has signed a heads of terms (HoT) agreement with Semurg Invest, the owner and developer of Sarzha Multifunctional Marine Terminal at Kazakhstan\u2019s Kuryk Port, to potentially invest in a grain terminal. Under the terms of the agreement, the two companies would form a joint venture to invest, operate and …<\/p>\n","protected":false},"author":3,"featured_media":181442,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[80,73,64],"tags":[932,2217],"yoast_head":"\n