AD Ports Group Partners With SEMURG INVEST To Develop Sarzha Grain Terminal In Kuryk Port, Kazakhstan

AD Ports Group has entered into a Foundation Agreement with SEMURG INVEST LLP, the developer of the Sarzha Multifunctional Marine Terminal at Kuryk Port in Kazakhstan. This agreement establishes a partnership, named Sarzha Grain Terminal, where AD Ports Group holds a 51% stake and Semurg holds 49%. The collaboration aims to construct a new grain terminal at Kuryk Port.

The initial phase of the grain terminal will handle 570,000 tonnes of grain annually. Upon completing the second phase, capacity will increase to 1.5 million tonnes per year. The total investment for this project is over US$50 million, with AD Ports Group contributing approximately US$30 million. Phase one is expected to be completed by late 2026.

Abdulaziz Zayed Al Shamsi, Regional CEO of AD Ports Group, stated, "Our partnership with Semurg marks another key milestone in AD Ports Group’s Middle Corridor strategy and reinforces our commitment to global food security and the UAE's National Strategy for Food Security. This investment demonstrates our Group's dedication to expanding our presence in Central Asia, and in Kazakhstan in particular."

Al Shamsi also mentioned that the Sarzha Grain Terminal will enhance grain trade at Kuryk Port using modern technologies and sustainable practices. He emphasised their goal to create a resilient food supply chain to meet global demand. "This project embodies our commitment to innovation, sustainability, and strategic growth," he added.

Nurzhan Marabayev, General Director of SEMURG INVEST LLP, commented on the partnership's significance: "Our partnership with AD Ports Group marks a new impulse for the development of the Middle Corridor and confirms SEMURG INVEST’s commitment to continue further development and execute the transport and logistics potential development roadmap until 2030 approved by the government of the Republic of Kazakhstan."

Boosting Economic Growth

The project aims to diversify export routes for Kazakh goods while boosting export and transit potential along the Transcaspian route. It also seeks to contribute positively to Mangystau region's economy. This collaboration was initially announced in August 2023 as part of AD Ports Group's broader strategy.

AD Ports Group has been actively pursuing ventures in Central Asia through its subsidiaries. Their strategic focus is on enhancing resource transportation globally while connecting various regions and promoting economic growth.

With inputs from WAM