AD Ports Group has signed a Memorandum of Understanding (MoU) with the Karachi Port Trust (KPT) to enhance regional connectivity and fostering economic growth in Pakistan.
A senior delegation from United Arab Emirates (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, Government of Pakistan.
According to AD Ports, the MoU paves the way for enhancing bilateral cooperation between the UAE and Pakistan, sustainable growth, and increasing efforts in the development, expansion, and digitalisation of port projects within Pakistan.
The collaboration encompasses a wide range of initiatives and projects aimed at enhancing port infrastructure, optimising operational efficiencies, and embracing digitalisation.
The Group will conduct feasibility studies and analysis to ensure commercial success of the project.
READ: AD Ports Group delivers record-setting revenue figures for 2022
Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group, said: “We aim to leverage our Group’s extensive experience and capabilities to transform Karachi Port’s Container Terminal into a premier hub for transshipment as well as imported and exported cargo.
“We anticipate that this collaboration will propel Karachi Port towards becoming a global hub of global trade and reinforce its significance as a key player in the trade and maritime industries, further stimulating economic prosperity in the region,” Shamisi added.
In March 2023, AD Ports Group and SEG ENERA Group announced the formation of a new joint venture, ADL-Ulanish, that will provide end-to-end global logistics services across Uzbekistan.
In the same month, AD Ports Group signed a Head of Terms (HoT) with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire, Republic of Congo.