Abu Dhabi – Mubasher: AD Ports Group has signed a foundation agreement with Semurg Invest LLP to construct a greenfield grain terminal at Kuryk Port in Kazakhstan, according to a press release.
Under the agreement, AD Ports owns a 51% stake in the project, while Semurg will acquire a 49% shareholding.
The partnership has commenced constructing a greenfield grain terminal at Kuryk Port.
Following the completion of the first phase, this grain terminal will have an annual capacity to handle 570,000 tonnes of grain cargo. It is scheduled to be completed in the second half (H2) of 2026.
With the construction of phase two, the terminal's annual capacity is set to expand further, reaching 1.50 million tonnes.
Sarzha Grain Terminal will see a total investment exceeding $50 million over the two phases, with AD Ports contributing around $30 million.
The project is set to enhance global food trade, connecting Kazakhstan via the Transcaspian International Transport Route with Europe through a network of sea and dry ports in Central Asia.
Abdulaziz Zayed Al Shamsi, Regional CEO of AD Ports, said: "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."
"Sarzha Grain Terminal will not only boost grain trade and handling at Kuryk Port but also, by leveraging modern technologies and sustainable practices, we aim to establish a resilient and reliable food supply chain to meet the growing demand of the global population,” Al Shamsi highlighted.
Nurzhan Marabayev, General Director of Semurg, mentioned: “Our partnership with AD Ports marks a new impulse for the development of the Middle Corridor and confirms Semurg’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.”
“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,” Marabayev added.
Semurg is the owner and developer of the Sarzha Multifunctional Marine Terminal at Kuryk Port.
In December, Moody’s Ratings assigned the ‘A1’ long-term issuer rating for AD Ports with a stable outlook.
