UAE port operating company the AD Ports Group has entered into a foundation agreement with Semurg Invest, the owner and developer of the Sarzha Multifunctional Marine Terminal at Kuryk Port on Kazakhstan's Caspian Sea coast.
Under the terms of this agreement, the AD Ports Group owns a 51 per cent stake and Semurg owns a 49 per cent stake in the partnership Sarzha Grain Terminal.
The partnership has commenced constructing a greenfield grain terminal at Kuryk Port. Following the completion of phase one, this grain terminal will have the capacity to handle 570,000 tonnes of grain cargo each year.
With the construction of phase two, the terminal's capacity is set to expand further, reaching 1.5 million tonnes per year.
Sarzha Grain Terminal will see a total investment of just over US$50 million over the two phases, with the AD Ports Group contributing around US$30 million.
With phase one scheduled for completion in the second half of 2026, Sarzha Grain Terminal 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.