AD Ports Signs Karachi Port Infrastructure Deal

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Credit: Klaus/PexelsAbu Dhabi’s AD Ports Group and the Karachi Port Trust of Pakistan have entered into a memorandum of understanding (MoU) to enhance infrastructure development, expansion, and digitalization of port projects in Pakistan as reported by Splash247.

Shared Vision for Growth

The agreement reflects a shared vision between the UAE and Pakistan to drive sustainable growth, promote trade diversification, and strengthen bilateral ties.

Key Players

The senior delegation from the UAE, led by Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, visited Karachi and met with Faisal Sabzwari, Federal Minister for Maritime Affairs of Pakistan.

Transforming Karachi Port

AD Ports aims to transform Karachi port’s container terminal into a premier hub for transhipment and handle imported and exported cargo efficiently.

Global Trade Hub

The collaboration is expected to elevate Karachi Port’s status as a global hub for trade and reinforce its significance in the trade and maritime industries, leading to economic prosperity in the region.

AD Ports’ Expanding Footprint

AD Ports Group has been rapidly expanding its presence and influence in the ports and shipping industry. It has signed agreements with Angola, Egypt, and Congo for the development of maritime services and infrastructure.

Growing Tanker Fleet

AD Ports has also focused on expanding its tanker fleet, enhancing its capabilities in the transportation of goods by sea.

Non-Vessel Owning Common Carrier

In addition, AD Ports recently established a non-vessel-owning common carrier in partnership with Dubai-listed logistics company Aramex, further strengthening its logistics offerings.

In summary, the memorandum of understanding between AD Ports Group and Karachi Port Trust signifies their joint commitment to boosting infrastructure, expansion, and digitalization efforts in Pakistani ports. The collaboration aims to elevate Karachi Port’s role as a global trade hub, contributing to economic growth and reinforcing the bilateral relationship between the UAE and Pakistan. AD Ports Group’s expanding presence and strategic partnerships demonstrate its commitment to becoming a leading player in the global ports and shipping industry.

 

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Source: Splash247