AD Ports Group is teaming up with Kazakhstan to develop a marine fleet and coastal infrastructure in the Caspian and Black seas.
The strategic partnership with the country’s national oil company, KazMunayGas, and memorandum of understanding with the Ministry of Industry & Infrastructural Development follow a deal signed in December with KazMunayGas subsidiary, Kazmortransflot to provide offshore services for energy companies in the Caspian Sea.
“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,” said Capt. Mohamed Juma Al Shamisi, managing director and group chief executive, AD Ports Group.
The partnership will see KazMunayGas and AD Ports Group work together to develop a new fleet of shallow-water vessels as well as a tanker fleet to support the export of Kazakh oil.
There is also potential to explore bulk cargo transportation as well as the development of a bespoke training and development programme for Kazakh teams by the Abu Dhabi Maritime Academy.
The MoU with the Kazakh government will see AD Ports Group focus on transport corridors through the Republic of Kazakhstan, potentially developing port and logistics facilities as well as enhancing the national maritime fleet.
