Investing in a grain terminal in Kazakhstan
AD Ports Group has signed a heads of terms agreement with Semurg Invest (Semurg), the owner and developer of Sarzha Multifunctional Marine Terminal in Kuryk Port, to potentially invest in the grain terminal located at Kuryk Port, Kazakhstan.
Abdulaziz Zayed Al-Shamsi, Regional CEO, AD Ports Group: “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.”
This heads of terms agreement follows the signing of a memorandum of understanding (MOU) with the 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.
Read more news from the Middle East and Central Asia in the regional focus of ITJ 31-35/2023, out today, 18 August 2023! (mk)