DP World is entering into a joint venture with Tashkent Invest to develop a multimodal logistics terminal in Tashkent, the capital city of Uzbekistan. Located in the Yangi Avlod Special Industrial Zone, the terminal should help the country become a regional trade hub and function as a “vital link” between Central Asia, the Middle East and Europe.
“This partnership reflects our commitment to supporting Uzbekistan’s vision of becoming a major logistics and trade hub in Central Asia”, commented Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World. “The Tashkent Multimodal Logistics Terminal will bring world-class infrastructure and smart logistics capabilities to the region, improving the efficiency of supply chains and supporting businesses across industries.”
DP World says that the future Tashkent terminal will serve as a vital link between Central Asia, the Middle East, and Europe, and accommodate efficient freight movement through the company’s global network.
Rail-connected dry port
Tashkent Investment, a subsidiary of the Tashkent City Administration, will contribute 15% of the joint venture’s equity capital. The remaining 85% will be held by DP World, for a total investment of 288 million US dollars.
Once fully operational, the Tashkent Multimodal Logistics Terminal will feature a rail-connected dry port for containers and covered freight, customs clearance zones, vehicle storage areas, truck parking and Grade A warehouses and cross-docking facilities, DP World says.
In the first development phase, a 150,000 TEU per year rail terminal will be built alongside a 63,000 square metre warehouse complex. The expected completion date is late 2026 or early 2027. An additional 163,000 square metres of warehousing space is planned if there is demand for it.
Convenient for local and global businesses
“The terminal will be supported by its own dedicated freight railway station, accelerating cargo handling and delivery and helping reduce logistics costs. The hub will have direct access to Uzbekistan’s national rail network, major highways, and Tashkent International Airport, allowing efficient multimodal cargo transfer between road, rail, and air”, DP World writes. The terminal will benefit from customs and tax incentives thanks to its location in a special industrial zone.
“The agreement initiates the development of a transport and logistics hub, which will significantly increase the capital’s production and export potential”, the mayor of Tashkent commented. “With its world-class infrastructure, Tashkent will become even more convenient for both local and global businesses.”