Makhachkala Commercial Sea Port (MMTP)

Makhachkala Commercial Sea Port is a non-freezing and deep-sea port of Russia in the Caspian Sea. The port is an important strategic link between the transport system of the South of Russia and the states of Central Asia, Iran, Transcaucasia, and other countries in the region.

History

2024: Privatisation

The privatization of Makhachkala Commercial Sea Port JSC (MMTP) has been completed, Suleyman Kerimov, who bought 51% of the company's shares, became a strategic investor. This became known on December 25, 2024.

According to Interfax, earlier 100% of the port's shares were in federal ownership. In March 2024, the President of Russia signed a decree establishing North-South JSC with the participation of the state and a strategic investor.

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Фото: Freepik

The head of the Ministry of Transport and Roads of Dagestan, Dzhambulat Salavov, said that the arrival of Suleyman Kerimov as an investor laid the foundation for the development of the Makhachkala port.

The value of the port asset when contributing to the capital of the new joint-stock company amounted to ₽1,25 billion. The strategic investor's cash contribution secured him a controlling stake of 51% of the shares.

The Makhachkala port is the only ice-free and deep-sea port in Russia on the Caspian Sea. It is capable of receiving vessels up to 150 meters long with a draft of up to 4.5 meters in a dry cargo harbor and up to 6.5 meters in an oil tanker.

The infrastructure of the Makhachkala Commercial Sea Port includes complexes for transshipment of dry goods, light and dark oil products, berths for general, bulk cargo and containers, railway and auto-ferry terminals, as well as a grain terminal.

Privatization of the port has been considered since September 2022 in order to attract private investors for the development of the North-South transport and logistics corridor. The new ownership structure will allow modernizing the port infrastructure and increasing cargo turnover.

The development plan provides for significant investments in the modernization of port facilities to improve efficiency and expand the ability to process various types of cargo.^[1]

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