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.