Move to propel global trade and infrastructure development in India
AD Ports Group recently announced the signing of strategic Memoranda of Understandings (MoUs) with Gujarat Maritime Board, and RITES Limited, a certified multi-disciplinary transport and infrastructure company. These MoUs mark a significant leap in international collaboration aimed at enhancing global trade, infrastructure development, and economic diversification.
These MoUs cover a broad spectrum of collaborative ventures, ranging from infrastructure development, technology transfer, sustainable and green port development, to maritime education and tourism, thereby reinforcing AD Ports Group’s scale, strategic geographic footprint, and industry leadership.
This MoU covers collaboration across a broad spectrum of initiatives within the port and maritime sectors. Central to this MoU is the ambition to significantly advance infrastructure development through the construction of new ports and the expansion and modernization of existing port facilities.
Further, the MoU emphasizes maritime education and training, highlighting the collaborative potential with the Gujarat Maritime University, including the prospective establishment of a Centre of Excellence within the university, the Gujarat International Maritime Arbitration Centre (GIMAC).
The MoU also explores avenues for direct and indirect investments by AD Ports Group, joint venture executions, and the development of a Port City in Gujarat.
MoU with RITES Limited
This MoU is aimed at exploring and leveraging mutual opportunities for port development, multimodal logistic parks, economic and free trade zones, rail connectivity projects, and related infrastructure services.
The cooperation will drive an innovative approach towards creating integrated logistics solutions through harnessing collective strengths in technology, sustainability, and strategic planning, with an emphasis on delivering projects that are not only economically viable but also environmentally sustainable and technologically advanced.
Pivotal hub
This MoU aligns with the Group’s objective of positioning Abu Dhabi as a pivotal hub in the global trade network, underpinned by its integrated portfolio of logistics and maritime services that cater to the dynamic needs of the global market.
“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,” said Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
