Oman's Asyad closes deal to buy two logistics centers in Uzbekistan

TASHKENT. June 4 (Interfax) - The Omani logistics operator Asyad has closed a deal to acquire a controlling stake in two key logistics centers in Uzbekistan - Universal Logistics Services and Highway Logistics Center.

The deal will provide Asyad with access to the fastest-growing logistics market in Central Asia.

As a result of the deal, Asyad has become the owner of two important cargo hubs integrated into the cargo infrastructure of the Uzbek capital, Tashkent, the company said. Together, these assets provide around 25% of Uzbekistan's container rail freight and occupy a dominant position in the premium warehouse storage segment.

By incorporating domestic multimodal terminals into its global network, Asyad is building the operational infrastructure needed to directly connect Central Asian cargo flows to Omani ports, strengthening both the region's logistics capabilities and Oman's role as a global logistics hub, the company said.

The deal aligns with Oman's logistics strategy until 2040 to deepen strategic and economic cooperation with Central Asia and particularly with Uzbekistan. By establishing itself in one of the region's most rapidly growing logistics markets, Asyad strengthens its presence along emerging Eurasian trade corridors and implements a strategy to increase its cargo base, the company said. The acquisition strengthens Oman's role as a transit hub between Central Asia and global markets, it said.

Universal Logistics Services and Highway Logistics Center are two large logistics centers (dry ports) in Uzbekistan, specializing in cargo handling, storage and customs clearance.

Asyad Group is the leading state logistics operator of Oman, managing the entire supply chain in the country. The group unites ports, maritime shipping, free economic zones, postal services, the railway network and cargo delivery. The group's assets are estimated at $5 billion, with annual revenue exceeding $1 billion.