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’s 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 develop Sarzha terminal on the Caspian Sea into a multipurpose terminal.
AD Ports’s global footprint has latterly focused significantly on Central Asia.
Abdulaziz Zayed Al-Shamsi, regional CEO, AD Ports Group, said “This 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.”
Nurzhan Marabayev, general director at Semurg, said: “Caspian 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’s experience and expertise.”
This agreement follows the signing of a memorandum of understanding (MoU) with Kazakhstan’s 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.