Including the establishment of shipping companies and a food trading center in Uzbekistan
Abu Dhabi Ports and Uzbekistan's SEG enter into a logistic services partnership
Abu Dhabi Ports Group has launched a joint venture with SEG, one of the largest oil and gas companies in Uzbekistan, aimed at establishing new shipping and logistics companies, and signed a preliminary agreement to develop a food trade center in Uzbekistan.
group office
Given the size of the projects planned under the agreements signed in the Uzbek capital, Tashkent, the signing ceremony witnessed the announcement of the opening of the Abu Dhabi Ports Group office in Uzbekistan, which is the first for the group in the Central Asian region, as it will supervise the implementation of the terms of the agreements, and coordinate with the headquarters The main objective of the group in Abu Dhabi, with the aim of ensuring the progress of work on the projects, and meeting the implementation requirements.
logistics partnership
Under the agreements, the two sides will launch a partnership for logistics and land freight, covering the fields of multimodal freight, land and air transport services, and rail services, the development of internal ports, container warehouses, the construction of infrastructure for logistics and warehousing services, outsourcing of logistics services, and customs clearance.
storage center
A preliminary agreement was also signed to support the development of an integrated food storage and distribution center, to improve Uzbekistan's capabilities in the field of food trade on world markets and to enhance food security in Central Asia.
The two sides are cooperating, under the initial agreement, to take advantage of the common opportunities available in the areas of food storage and transportation, ensuring food security, as well as exploring integrated solutions that can be employed in the project.
the trade exchange
Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, said that the volume of trade exchange between the UAE and Uzbekistan has grown by 22% to reach $486 million during the past year.
He added that the Abu Dhabi Ports Group's signing of two strategic agreements to establish a logistics center, shipping services and a food trade center in Uzbekistan, comes within the framework of the leadership's directives aimed at diversifying our economic relationship and working to find new markets for national products.
He pointed out that Uzbekistan is one of the important food exporting countries, especially to Asian and Central Asian countries, and through this strategic project, it will provide an opportunity to redirect a large part of the food products available in Uzbekistan to the UAE and the region.
Recruitment of expertise
For his part, the Chairman of the Board of Directors of Abu Dhabi Ports Group, Falah Mohammed Al Ahbabi, said that the agreement comes in line with the leadership’s directives aimed at strengthening strategic relations and partnerships with the Republic of Uzbekistan, expressing his happiness with this opportunity that allows the group to employ its expertise and great resources to contribute to supporting the partners’ efforts in Uzbekistan to face some of the most important logistical challenges, and to take advantage of the vast opportunities available to them.
Themes of the agreement
In the same context, the managing director and CEO of Abu Dhabi Ports Group, Captain Mohamed Juma Al Shamsi, said that the agreements include several axes represented in the establishment of a logistics company based in Uzbekistan, serving the Uzbek market of exports and imports, through Khalifa Port and the industrial zone “Kizad”, so that it will be A platform for Uzbek products, in addition to the establishment of a food headquarters in Uzbekistan that will complement the regional food center - Abu Dhabi in "Kizad".
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