AD Ports Group signs Kazakhstan Caspian and Black Sea agreements

The KazMunayGas partnership will see the companies review collaboration opportunities, notably the development of a fleet of shallow-water vessels to support offshore operations in the Caspian Sea and the development of a tanker fleet to support Kazakh oil exports.

The MoU with the Ministry of Industry & Infrastructural Development will enable collaboration on the developed of international trade corridors through Kazakhstan, extending to the potential development of port and logistics facilities.

Training programmes via Abu Dhabi Maritime Academy and the establishment of a bulk cargo vessel fleet are also potential outcomes from the new agreements.

Kazakhstan and central Asia have been identified as a key area for growth by AD Ports, which signed an offshore services JV agreement in December 2022 with KazMunayGas subsidiary Kazmortransflot.

Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “AD Ports Group sees a major opportunity to contribute to the development of trade corridors across the Central Asia region, and this historic collaboration with KazMunayGas provides us with a solid foundation for growth in one the most important markets.”

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.”

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The agreements were signed in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan, and President of the Republic of Kazakhstan Kassym-Jomart Tokayev.