AD Ports Group and Kazakhstan Railways form joint venture

AD Ports Group and Kazakhstan Railways form joint venture

Abu Dhabi – In the presence of Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics and industry, has signed an agreement with Kazakhstan Temir Zholy JSC (Kazakhstan Railways), a national railway company and a leader in transportation and logistics in Central Asia, to form a joint venture to enhance rail connectivity,  maritime shipping services, development of operations in Kazakhstan’s ports, accelerate digital transformation and connectivity in Central Asia.

Under the terms of the agreement, a joint venture, owned 51% by AD Ports Group and 49% by KTZ, will aim to establish a dynamic regional logistics hub, leveraging AD Ports Group's expertise in management, operations, and development of logistics operations and digital transformation , in addition to leveraging Kazakhstan Railways' regional knowledge and practices for advanced vessel operations, logistics enhancement, including hopper wagons, port developments, and railway infrastructure expansion. The ambitious initiative aligns with AD Ports Group’s and KTZ’s objective of transforming the regional logistics landscape.     Abdulaziz Zayed Al-Shamsi, Regional CEO of AD Ports Group, said: "Our joint venture with Kazakhstan Railways has the potential to not only strengthen maritime connectivity between the Middle East and Central Asia, but also opens