• 2018 March 26 12:01

  DP World to acquire stake in Kazakhstan’s Special Economic Zones

  

  Global trade enabler DP World and  the  government of Kazakhstan signed two framework agreements in Abu Dhabi relating to  the acquisition, governance and management of Special Economic Zones (SEZ) in Aktau and Khorgos.

  DP World has been providing management services  to  the Port of Aktau, Kazakhstan’s main  cargo and bulk terminal on the Caspian Sea, and Khorgos SEZ , which is  strategically situated on  the  China - Kazakhstan border  and has been acting as the primary transit point for trans - Eurasian cargo trains for more than  four years. 

  DP World now plans to acquire a 51% stake in the Khorgos SEZ and 49% in the Aktau SEZ  following the agreements, to  play an important role in enhancing  trade  connectivity along the New Silk Route, handling all cargo types including hydrocarbons, containers and bulk.

  The agreements were signed between Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Kanat Alpysbayev, President of  Kazakhstan Temir Zholy  (KTZ)  and Yeraly  Tugzhanov, Governor of the Mangistau region of Kazakhstan.

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