Agreement to establish Joint Venture companies for Logistics and Freight Forwarding Services in the Central Asian Nation
AD Ports Group recently signed a Head of Terms agreement with Enter Engineering Group to launch new businesses providing logistics and freight forwarding services in the Central Asian nation of Uzbekistan.
Under the agreement, the two companies will establish joint venture companies to manage logistics and freight forwarding services, including air, sea, land and rail logistics, warehousing, contract logistics, and customs clearance. AD Ports Group will also support Enter Engineering Group’s work on tenders in the UAE, with a particular focus on the energy sector.
Enter Engineering Group was incorporated in 2012 and is one of the fastest growing companies in the industrial construction market in Central Asia.
The Head of Terms is the latest in a series of international agreements signed by AD Ports Group to support ports, logistics and digital projects around the world, and is the first agreement of its kind with a leading enterprise in Uzbekistan.
“Working with our new partner, we see significant opportunities for enhancing the capacity and connectivity of logistics channels for that region, which will help drive economic growth and further cement the ties between our two nations,” commented Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
“This agreement will create jobs, support the needs of businesses within Uzbekistan and open international channels for trade and development,” remarked Bakhtiyor Fazilov, Chairman, Board of Directors, Enter Engineering Group.