AD Ports Group has signed four Memoranda of Understanding (MoU) with the Government of Pakistan to explore transportation opportunities in the maritime, air, and rail sectors as well as logistics and digital services.
The MoUs were concluded with the Pakistan Federal Board of Revenue, the Pakistan Ministry of Railways, the Ministry of Maritime Affairs, the Pakistan National Shipping Corporation and Karachi Port Trust, and the Pakistan Airports Authority.
As per the MoUs, the parties will explore potential collaborations in customs, rail, airport infrastructure, and maritime shipping and logistics, which, if pursued, would expand AD Ports Group’s activities in the country.
The focus covers a wide range of basic transport and trade areas, ranging from improving digital customs controls to developing dedicated freight rail corridors to upgrading the nation’s maritime fleet and marine services, as well as cooperation in enhancing the logistics and transport services in Pakistan’s main airports.
Dr. Thani bin Ahmed Al Zeyoudi UAE Minister of State for Foreign Trade
“The MoUs signed today establish a new phase of prosperity in trade and investment. They will contribute to providing new opportunities for the business communities and private sectors on both sides, support sustainable development efforts, and stimulate joint economic growth to achieve the mutual interests of both countries and peoples. There is a common will between the two countries to advance their trade and investment relations to new heights in main priority sectors.”
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said that, “With these MoUs, AD Ports Group will explore ways to identify potential projects and opportunities for mutual growth that will strengthen ties between the UAE and Pakistan, in line with our wise leadership vision. We are committed to enabling trade by enhancing regional connectivity and helping Pakistan maximize its role as a growing, regional trade partner.”
The MoUs are the latest in a developing relationship between the Group and Pakistan related to upgrades to the regional partner’s trade, transport, and logistics infrastructure.
AD Ports Group is a major investor in Pakistan, which is a strategic trade gateway to Central Asia and Russia. With UAE partner Kaheel Terminals, AD Ports Group is developing, operating, and managing container, bulk, and general cargo operations at the Port of Karachi, Pakistan’s major port, where it has agreed to invest almost $400 million over 15 years.
