The Terminal will see a total investment of just over US$ 50mn over the two phases
AD Ports Group has signed a Foundation Agreement with Semurg Invest (Semurg), the owner and developer of the Sarzha Multifunctional Marine Terminal at Kuryk Port, Kazakhstan.
Under the terms of this agreement, AD Ports Group owns a 51% stake and Semurg owns a 49% stake in the partnership Sarzha Grain Terminal. The partnership has commenced constructing a greenfield grain terminal at Kuryk Port.
Following the completion of phase one, this grain terminal will have the capacity to handle 570,000 tons of grain cargo per year. With the construction of phase two, the terminal’s capacity is set to expand further, reaching 1.5mn tons per year.
Sarzha Grain Terminal will see a total investment of just over US$ 50mn over the two phases, with AD Ports Group contributing around US$ 30mn.
Expanding investment
“This investment demonstrates our Group’s dedication to expanding our presence in Central Asia, and in Kazakhstan in particular,” remarked Abdulaziz Zayed Al-Shamsi, Regional CEO, AD Ports Group.
“The project is aimed at diversifying export routes for Kazakhstan goods, increase export and transit potential of the Transcaspian route and develop Mangystau region economy,” commented Nurzhan Marabayev, General Director, Semurg Invest.
This partnership initially announced in August 2023, follows AD Ports Group and its subsidiaries’ recent ventures in the Central Asian region, driven by their strategic priority to enhance the transportation of resources to global markets, while connecting diverse regions and fostering economic growth.
