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UAE, Uzbek enterprises to create joint venture in logistics sector

Uzbekistan Materials 6 July 2022 11:26 (UTC +04:00)
UAE, Uzbek enterprises to create joint venture in logistics sector
Natavan Rzayeva
Natavan Rzayeva
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BAKU, Azerbaijan, July 6. UAE’s AD Ports Group and Uzbek Sanoat Energetika Guruhi (SEG) will launch a joint venture to open new businesses in the field of logistics and cargo transportation,Trend reports via the Ministry of Energy of Uzbekistan.

AD Ports Group, a leading company in the field of international trade, logistics and industry, and SEG, one of the largest oil and gas companies in the Republic of Uzbekistan, have signed an agreement to establish a joint venture to accelerate the development of logistics infrastructure and services in Uzbekistan and the output of Uzbek products, in particular SEG products, to the global market.

Under the joint venture agreement, the two companies will establish a partnership in logistics and forwarding services, including multimodal forwarding services, road, rail and air transportation, development of container warehouses, warehouse and other logistics infrastructure, contract logistics and customs clearance. In the near future, the parties intend to expand the work of the logistics centre by organizing transport flows of food products and consumer goods.

This partnership with one of the largest global leaders in the field of logistics continues SEG’s development strategy to build a vertically integrated oil and gas company able to extract and process hydrocarbon raw materials into high value-added products, and supply these products to anywhere in the world, thanks to the creation of trade corridors.

In support of the project, AD Ports Group will establish its first foreign office in Uzbekistan.

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