AD Ports Group eyes $30mln investment in grain terminal at Kuryk Port in Kazakhstan

UAE’s AD Ports Group is set to contribute around 30 million US dollars in investment in the grain terminal at the Kuryk Port, Kazakhstan, Kazinform News Agency cites the press service of the company.

AD Ports Group, a leading facilitator of global trade, logistics, and industry, has signed a Foundation Agreement with SEMURG INVEST LLP (Semurg), the owner and developer of the Sarzha Multifunctional Marine Terminal at Kuryk Port, Kazakhstan.

Sarzha Grain Terminal will see a total investment of just over 50 million US dollars over the two phases, with AD Ports Group contributing around 30 million US dollars.

Under the terms of this agreement, AD Ports Group owns a 51% stake and Semurg owns a 49% stake in the partnership Sarzha Grain Terminal.

Following the completion of phase one, this grain terminal will have the capacity to handle 570,000 tons of grain cargo per year. With the construction of phase two, the terminal's capacity is set to expand further, reaching 1.5 million tons per year.

With phase 1 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.

Earlier it was reported that Kazakhstan-China freight train services had hit a record high of 32 million tons in 2024.