Abu Dhabi Ports has signed an agreement to establish a logistics services project in Tajikistan, marking a strategic step towards expanding its operations in regional and international markets. This agreement enhances Abu Dhabi Ports’ ability to provide integrated logistics solutions, contributing to the improvement of supply chains and distribution in the region. The project comes in response to growing exports from Tajikistan and aims to strengthen international cooperation in logistics infrastructure.
Details of the New Agreement
Abu Dhabi Ports Group, listed on the Abu Dhabi Stock Exchange, announced the signing of a shareholders’ agreement with the Avisto Group, one of the largest private industrial conglomerates in Tajikistan. The agreement includes the establishment of a joint venture aimed at providing integrated logistics services and cargo shipping solutions nationwide.
Initial Steps of the Project
The project will initially involve providing shipping services for light cargo, granting exclusive rights to consolidate and manage all shipping and logistics activities for the Avisto Group. Additionally, Abu Dhabi Ports will offer services to third-party clients in the market.
The Leading Role of the Avisto Group
The Avisto Group is one of the prominent companies in the private sector in Tajikistan, managing over 30 companies and factories across various fields. The group also has strategic partnerships with eight major international institutions in joint projects, enhancing growth and expansion opportunities for the new logistics project.
Structure and Future Directions
Abu Dhabi Ports Group will hold a majority stake of 51% in the joint venture, while the Avisto Group will own 49%. A phased structure has been adopted to support long-term growth and expand the operational capabilities of the project, underscoring Abu Dhabi Ports’ commitment to actively participating in the development of the regional logistics sector.
Additionally, Abu Dhabi Ports Group recently announced the signing of a memorandum of understanding with the Kuwait Ports Authority to explore collaboration opportunities in managing and operating container operations at Shuaiba Port. In related news, the group is seeking to acquire an additional stake in Alexandria Container and Cargo Handling Company, positioning itself as a key player in the container operations market in Egypt and enhancing its influence in the region.