AD Ports Group has signed a Memorandum of Understanding (MoU) with the Pakistan Board of Investment to explore developing an industrial zone near Karachi Port and Port Qasim to facilitate trade and economic activity.
The Group also announced the separate signings of three other agreements bringing to bear the full economic weight of its five-business cluster structure of ports, economic cities and free zones, maritime and shipping, logistics, and digital services.
Redevelopment of the Port of Karachi, Pakistan’s main port with overland connections into Central Asia, will further develop the “Middle Corridor” into a modern and cost-efficient maritime sea route.
The new signings commit AD Ports Group to working with Pakistani partners to explore the possibility of establishing an industrial zone for industrial and commercial businesses near Karachi and Qasim Ports and to providing integrated end-to-end logistics solutions over air, ocean, and inland transport, including warehousing and distribution, to dramatically improve Pakistan’s inland trade corridors into Central Asia.
Details of the three agreements signed on 27 February are:
- A strategic partnership agreement between AD Ports Group’s Maqta Technologies and Pakistan’s PSW to explore strengthening Pakistan Single Window systems through collaboration with Pakistan Customs Services to modernise select borders and analyse cross-border systems.
- A strategic partnership agreement between AD Ports Group and Bahria Foundation, a Pakistani diversified conglomerate engaged in industrial, commercial, and development activities, will enhance the productivity of dredging, marine services, and vessel pooling at Karachi Port.
- A strategic partnership agreement between the Group’s Noatum Logistics and KGTL, the Group’s joint venture with Kaheel Terminals, to explore providing comprehensive and integrated end-to-end logistics solutions over air, ocean and inland transport, as well as warehousing and distribution solutions including cold storage, to develop a corridor into greater Pakistan and Central Asia.
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Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “AD Ports Group seeks to enable trade, for the UAE, and for its trade partners around the world, especially in Pakistan, a key gateway to Central Asia, where we are deploying our expertise and our integrated business offerings to enable trade in Central Asia on a broader and more efficient scale.”
Last month, AD Ports Group signed a 50-year land lease agreement with Al Ain Mills, a member of Al Hazaa Investment Group.
