AD Ports, AVESTO Group establish logistics joint venture in Tajikistan

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.

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Under the Shareholder Agreement, the joint venture will act as an asset-light freight forwarder in its initial phase, with exclusive rights to consolidate and manage all freight and logistics activities of AVESTO Group's subsidiaries, and provide services to third party clients in the market.

AVESTO Group, one of the country's key private-sector champions, 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 per cent majority stake and AVESTO Group holding the remaining 49 per cent. The partnership is structured in phases to support long-term growth and operational expansion.