Abu dhabi: AD Ports Group on Wednesday signed a Shareholder Agreement with AVESTO Group, one of Tajikistan's largest private industrial conglomerates, to establish a new joint venture company that will deliver integrated logistics and freight forwarding services across the country.
According to Emirates News Agency, the joint venture will initially operate as an asset-light freight forwarder, with exclusive rights to consolidate and manage all freight and logistics activities of AVESTO Group's subsidiaries. It will also provide services to third-party clients in the market. AVESTO Group operates more than 30 major businesses and manufacturing plants across various sectors and maintains partnerships with eight leading international joint venture partners.
The joint venture will be established with AD Ports Group holding a 51 percent majority stake and AVESTO Group holding the remaining 49 percent. The partnership is structured in phases to support long-term growth and operational expansion. Abdulaziz Zayed Al-Shamsi, Regional CEO of AD Ports Group, stated that the partnership marks an important milestone in the group's expansion across Central Asia, leveraging Tajikistan's industrial base and strategic location.
Muhamad Mirzo, General Director of AVESTO Group, emphasized that partnering with AD Ports Group will transform Tajikistan's logistics landscape, creating a strategic gateway that connects Central Asia to global markets and unlocks economic potential for the region. The transaction aligns with AD Ports Group's strategic efforts to expand its Middle Corridor footprint and strengthen east-west trade connectivity.
The partnership enhances AD Ports Group's presence in Central Asia, providing access to critical land-based trade networks that connect Tajikistan to regional markets before traversing the Caspian Sea and continuing through Azerbaijan and Georgia toward Europe.