An article on signing an agreement on the creation of the largest logistics cluster in Uzbekistan has been published by a leading UAE news agency The Emirates News Agency (WAM).
The leading place in the UAE in the field of international trade, logistics and industry belongs to AD Ports Group. One of the largest oil and gas companies in Uzbekistan is Sanoat Energetika Guruhi (SEG).
The launch of a joint venture to open new businesses in the field of logistics and cargo transportation by AD Ports Group and SEG is noted in the article. The development of logistics infrastructure and services in Uzbekistan and the entry of Uzbek products, in particular SEG products, to the world market will be accelerated by this step.
According to AD Ports Group Chairman Falah Mohammed Al-Ahbabi, the strategic partnership between UAE and Uzbekistan will be strengthened by this agreement. He also said that they were pleased to direct the experience and resources of the AD Ports Group to solve the main logistical problems and use the opportunities available in the country. The Chairman added that AD Ports Group can contribute to unlocking the country’s broader economic potential by creating new value chains and opening up new trade routes. They will use the potential effectively to create economic hubs and logistics centers in the opening of a specialized food hub, inland ports and warehouses.
According to Bakhtiyor Fazilov, director of SEG, the agreement will have a significant impact on economic growth in Uzbekistan, and it will help to create new jobs and open up new opportunities for trade and development.
Statistics show that Uzbekistan is a major producer of key export commodities, including oil, natural gas and gold, as well as the second largest exporter of cotton in the world. The new joint venture will make it possible to bring a wider range of Uzbek products to the global market.
WAM concludes that the SEG development vector aimed at building a vertically integrated oil and gas company that will be able not only to extract and process hydrocarbon raw materials into high value-added products, but also to supply these products to anywhere in the world thanks to creating trade corridors, is continued by this partnership with one of the largest global leaders in the field of logistics.