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Kazakhstan Temir Zholy and DP World to develop Aktau port and Khorgos-Eastern Gates

19 april 2013, 10:59
Aktau seaport. Photo courtesy of portaktau.kz
Aktau seaport. Photo courtesy of portaktau.kz
Kazakhstan Temir Zholy and Arabic company DP World signed an agreement on cooperation in management of Aktau seaport and social economic zone Khorgos-Eastern Gates, Tengrinews.kz reports citing the press-service of Kazakhstan Temir Zholy.

The agreement was signed by the presidents of the two companies Askar Mamin and Mohammed Sharaf on April 15 during the visit of Kazakhstan’s government delegation led by deputy Prime-Minister Asset Issekeshev to the UAE. The agreement “will boost to development of Kazakhstan’s transport-logistics system and will promote expansion of its transit potential”.

Chairman of DP World Sultan Ahmed Bin Sulayem noted that the company was ready to make its maximum efforts and apply the most advanced technologies to implement the project on Kazakhstan-Chinese border in the nearest time, making Khorgos a major logistics center in Eurasia. According to him, the key element of success of transport-logistics centers lays in well-developed infrastructure that attracts foreign business and investments.

“Kazakhstan has a good location between the emerging economy of China and the European markets. Besides, Kazakhstan President Nursultan Nazarbayev pursues a balanced foreign policy. We suggest Kazakhstan to create the best infrastructure in the region that will be comfortable for businesses,” Sulayem stressed.

During the meeting in DP World headquarters in Dubai, its management also introduced Kazakhstan delegation to the conceptual vision of development and management of Aktau seaport project in synergy with Khorgos-Eastern Gates. Representatives of DP World expressed their readiness to apply their broad experience in logistics, industrial and trade operations in Kazakhstan using the example of their successful implementation in Jebel Ali port and free economic zone. DP World also presented its new project of construction of London Gateway port on the Themes in Great Britain, where the company invested around $3 billion. Opening of the port is scheduled for the third quarter of 2013.

DP World is the biggest global port operator based in Jebel Ali. The company manages 60 operating terminals in 31 countries on 6 continents. In 2012 the company processed over 56 million TEU (twenty-foot equivalent unit). It is expected that the company will increase its annual capacity to 103 million TEU by expanding and developing its projects in key markets, including India, Africa, Europe and the Middle East by 2020.

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