Bühler GmbHTMS Awards 2023Van AalstViganSailors SocietyCimbria
  • Geneva Dry
  • Port of Stockton
  • Bühler GmbH
  • Vigan
  • Cimbria
  • Van Aalst

AD Ports Kazakhstan JV creates opportunities for bulk cargo

AD Ports Kazakhstan JV creates opportunities for bulk cargo

(Posted on 23/01/23)

In the presence of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, AD Ports Group, the leading facilitator of global trade, logistics, and industry, has signed a strategic partnership agreement with Kazakh National Oil Company (KazMunayGas) and a Memorandum of Understanding (MoU) with the Ministry of Industry & Infrastructural Development for strategic cooperation in the development of a marine fleet and coastal infrastructure in the Caspian and Black seas.

The agreements build upon the shareholder agreement signed in December with KMTF (Kazmortransflot), a subsidiary of KazMunayGas, to launch an exclusive joint venture to provide offshore services for energy companies in the Caspian Sea.

The new agreements signal a significant expansion for AD Ports Group in Central Asia and Kazakhstan, which is a major market for energy, transport and logistics that continues to gain in strategic importance as a key trade route between Europe and Asia.

Under the terms of the strategic partnership agreement with KazMunayGas, the two companies will review opportunities to collaborate on a broad range of projects in the area, including the development of a new fleet of shallow-water vessels to support offshore operations in the Caspian Sea and the development of a tanker fleet to support the export of Kazakh oil.

There is also potential for the joint venture to participate in bulk cargo transportation, reviewing opportunities to build or acquire bulk cargo vessels in support of that enterprise. AD Ports Group will also look to develop bespoke training and development programmes for Kazakh teams via Abu Dhabi Maritime Academy.

The MoU with the Ministry of Industry & Infrastructural Development will see AD Ports Group look to collaborate on the development of international trade and transport corridors through the Republic of Kazakhstan, potentially developing port and logistics facilities as well as enhancing the national maritime fleet.

AD Ports Group sees the launch of collaborative ventures in the Central Asian region as a key strategic priority, both as a major source of growth and in support of key trading partners of the UAE. Furthermore, these agreements have significant potential to stimulate job creation and growth of the Kazakh economy.

H.E. Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, said: “We are honoured to have His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, witness this significant event. This wide-ranging and far-sighted partnership agreement, which is the first of its kind between a UAE company and KazMunayGas, aligns with the strategic priorities of the UAE and establishes a strong platform for growth in Kazakhstan and the wider region. We are also pleased to work with the Ministry of Industry & Infrastructural Development on developing international trade and transport corridors.”

Marat Karabayev, Minister of Industry and Infrastructural Development of the Republic of Kazakhstan, said: “We welcome these agreements, which represent an important step forward in the fraternal economic relationship between the Republic of Kazakhstan and the United Arab Emirates. We see significant potential in the development of port and logistics facilities in Kazakhstan to enhance our role as a trade corridor and increase export opportunities for our companies. We are pleased to work with AD Ports Group on these projects, building on their expertise to develop integrated ports, trade and logistics hubs in key strategic locations.” 

Latest News

Cargo transhipment in North Sea Port remains stable

(Posted on 16/07/24)

Over the first six months of this year, the companies in North Sea Port recorded a volume of 33.4 million... Read more


Rotterdam to support redevelopment of Curaçao industrial zone

(Posted on 12/07/24)

Port of Rotterdam Authority will contribute to the redevelopment of the lands owned by the state-owned... Read more


ABP boosts marine capability through pilot launch upgrades

(Posted on 12/07/24)

Associated British Ports (ABP), the UK’s largest and leading ports operator, has announced an... Read more


ABP Humber welcomes Laura Wood as new Head of Commercial

(Posted on 04/07/24)

As Head of Commercial, Laura will head up the team responsible for Associated British Port’s wide... Read more


Cooperation on multiple port projects in Bangladesh

(Posted on 28/06/24)

Abu Dhabi, one of the world’s leading facilitators of global trade, logistics, and industry, and... Read more


Sastry: Africa’s mining industry offers high margins and long-term contracts

(Posted on 20/06/24)

Speaking at this year’s Drycon conference in Mumbai, Capt. Pappu Sastry, CEO of Adhira Shipping... Read more


Tunley Environmental announces ambitious transatlantic expansion plans

(Posted on 19/06/24)

Sustainability consultancy Tunley Environmental is announcing ambitious transatlantic expansion plans... Read more


Duluth earns favourable marks in Green Marine environmental rating

(Posted on 14/06/24)

The Duluth Seaway Port Authority and its terminal operations on Rice’s Point ranked among the... Read more


Humber Freeport makes new home in historic trade centre

(Posted on 07/06/24)

Associated British Ports (ABP) has announced that the Humber Freeport Company has located its headquarters... Read more


Partnership for Lake Ontario short sea shipping corridor with USA

(Posted on 07/06/24)

The Hamilton Oshawa Port Authority (HOPA Ports) has announced an agreement with an affiliate of Beowulf... Read more


Port of StocktonPort of South LouisianaGeneva DryTelestackTBA Group
  • TBA Group
  • TMS Awards 2023
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping