German Chancellor Scholz in Central Asia: Rhenus boosts investments in the Trans-Caspian Transport Route
As a logistics service provider with global operations, the Rhenus Group is driving a large number of projects and investment plans in Central Asia. The company has had a presence there – in a region that is pivotal for the exchange of goods between Asia and Europe and plays a key role for the company – for almost 30 years. The visit by German Chancellor Olaf Scholz, who was accompanied by, among others, Tobias Bartz, CEO and Chairman of the Rhenus Group, underscores the growing importance of the economic ties between Germany and the Central Asian countries of Kazakhstan and Uzbekistan.
“The Eurasian corridor is not only a trade route of international significance that contributes to the EU’s diversification strategy, but also a strategic lever for the global economy. Through our investments in Kazakhstan and Uzbekistan, which are supported by the governments of both these states as well as Germany, we are boosting regional infrastructure and reinforcing the position of German industry and the local export trade in the global market,” says Tobias Bartz, emphasizing the point.
The Rhenus Group’s majority interest in the joint venture with the Uzbek Railways, which is planning a logistics center in Andijan, marks a pioneering project in the transport sector. In addition to developing an efficient container terminal in the port of Aktau on the Caspian Sea on the alternative route to the new Silk Road, a project that was launched in the presence of the German President in 2023, the Group of companies is driving further projects for terminals in Kazakhstan’s economic hubs.
These initiatives are complemented by strategic measures undertaken by the logistics service provider in the South Caucasus. Combined with a strong presence in Turkey, this will allow the creation of a seamless supply chain along the Trans-Caspian International Transport Route, known as the Middle Corridor between Europe and China via Central Asia.
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About Rhenus
The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 7.5 billion. 40,000 employees work at 1,320 business sites in more than 70 countries and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family-owned business pools its operations in various business units where the needs of customers are the major focus at all times.