Abu Dhabi – Mubasher: AD Ports Group and SEG ENERA Group have established a new joint venture (JV) called ADL-Ulanish to foster logistics services across Uzbekistan, according to a press release.

The new entity will leverage AD Ports' expertise in global supply chain logistics and enhanced technology. It seeks to address some of the logistics challenges faced by companies in Uzbekistan.

Meanwhile, SEG ENERA will back ADL-Ulanish with its regional experiences and industrial assets, including warehousing capacity, alongside rail, and trucking fleets.

Besides SEG ENERA, the JV will meet the business needs of other clients within the republic's market across different sectors, such as industrial project logistics, oil and gas, e-commerce, healthcare, and pharmaceuticals.

ADL-Ulanish will secure a range of advanced services and digital solutions to bolster service integration and efficiency. It will also bring expertise in food security and supply chains to anchor the creation of a food hub in Uzbekistan.

Farook Al Zeer, Chairman of the Logistics Cluster at AD Ports, said: “The launch of ADL-Ulanish provides us with a platform to extend our extensive portfolio of logistics services and expertise to the key market of Uzbekistan, which is located within a region that is primed for future growth.”

Al Zeer indicated: “There is significant demand for freight forwarding and warehousing services in Uzbekistan, which has seen a major economic expansion in the recent years, driven by important reforms and modernisation efforts.”

“By leveraging our global expertise, we are positioned to make a transformational impact across key industries, facilitated by advanced digital services and supported by a world-class team,” he concluded.

Timofey Smirnov, CEO of SEG ENERA, highlighted: “Uzbekistan is a major producer of key exports, including oil, natural gas, gold, copper, cotton, food, and other strategic commodities and products needed by the global economy.”

Smirnov continued: “Further development of our logistics sector will create an exciting range of economic opportunities to support our nation’s growing role as a hub for trade between East Asia and Europe.”

Last June, the ADX-listed company unveiled plans with Enter Engineering Group to launch JV firms that offer logistics and freight forwarding services in Uzbekistan.

In 2022, the net profits attributable to the owners of AD Ports hiked by 50% to AED 1.26 billion from AED 845.69 million in 2021.