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
Centre of Expertise in Port Logistics launched in Quebec
(Posted on 15/05/24)The Centre of Expertise in Port Logistics has been launched in Canada at the 4th Assises québ... Read more
Antwerp-Bruges launches world's first methanol-powered tugboat
(Posted on 15/05/24)The Port of Antwerp-Bruges has presented a world premier: the Methatug. This tugboat, which runs on... Read more
Associated Terminals announces the acquisition of S.H. Bell
(Posted on 10/05/24)Associated Terminals, a leading provider of stevedoring and marine services, specializing in bulk cargo... Read more
TBA Group Partners with Awake.AI
(Posted on 10/05/24)TBA Group has partnered with Awake.AI to integrate industry-leading vessel ETA predictions into CommTrac... Read more
Amsterdam port in full transition
(Posted on 02/05/24)The Port of Amsterdam’s annual report shows that the port is in transition. While revenues rose... Read more
Sohar sings Mass Flow Meter implementation agreement
(Posted on 02/05/24)SOHAR Port and Freezone has signed an agreement with Metcore International Pte Ltd, a leading marine... Read more
IBJ and DBTG founding “Mother” Julia Peckham passes away after short illness
(Posted on 25/04/24)IBJ is sad to announce the news that Julia Peckham has passed away after a short illness. Julia, often... Read more
Bold plan to decarbonize Detroit port operations and improve air quality
(Posted on 23/04/24)The Detroit/Wayne County Port Authority has revealed details of an ambitious programme to dramatically... Read more
Port of Antwerp Bruges' quarterly figures reflect resilience
(Posted on 18/04/24)The total cargo throughput of Port of Antwerp-Bruges amounted to 70.4 million tonnes in the first quarter... Read more
North Sea Port records Q1 cargo throughput decline
(Posted on 18/04/24)Seaborne cargo transhipment at North Sea Port fell by 3.2% in the first quarter of this year compared... Read more
