AD Ports inks MoUs to develop global trade in India

AD Ports inks MoUs to develop global trade in India

AD Ports Group (AD Ports) has signed strategic Memorandums of Understanding (MoUs) with the Gujarat Maritime Board and Rail India Technical and Economic Service (RITES Limited).

These MoUs span a wide range of joint endeavours, including infrastructure development, technology transfer, sustainable and green port development, maritime education, and tourism, bolstering AD Ports Group’s size, strategic geographic presence, and industry leadership.

The MoU also discusses direct and indirect investments by AD Ports Group, joint ventures, and the establishment of a Port City in Gujarat.

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According to AD Ports, the purpose of this MoU is to explore and use mutual potential for port expansion, multimodal logistics parks, economic and free trade zones, rail connectivity projects, and associated infrastructure services.

The collaboration aims to drive an innovative approach to creating integrated logistics solutions by leveraging collective strengths in technology, sustainability, and strategic planning, with a focus on delivering projects that are not only economically viable but also environmentally sustainable and technologically advanced.

Following the announcement at the 18th G20 Heads of State and Government Summit for the proposed India-Middle East-Europe Economic Corridor (IMEC), AD Ports Group and RITES Limited have agreed to investigate potential cooperation possibilities to accomplish the initiative’s objectives.

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Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “Our collaboration with these distinguished Indian entities is set to significantly advance the objectives of both of our great nations, building on the strong, successful and well-established relationship.

“With our wise leaders’ guidance, we aim to further our ambitious economic objectives that will profoundly impact global commerce, invigorating ancillary sectors.”

In January, AD Ports Group signed a shareholder agreement between its digital arm, Maqta Gateway, and Aqaba Development Corporation (ADC) for their joint venture, Maqta Ayla, to establish a port community system (PCS) at the Port of Aqaba.

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