Deals explore enhancing trade, transport and logistics infrastructure
AD Ports Group signed four Memoranda of Understanding (MoU) recently 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 signed and exchanged in Islamabad in the presence of Muhammad Shehbaz Sharif, Prime Minister of Pakistan; Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, Mohammad Ishaq Dar, Deputy Prime Minister and Minister of Foreign Affairs, Hamad Obaid Alzaabi, UAE Ambassador to the Islamic Republic of Pakistan, as well as a number of Cabinet Ministers and senior officials from AD Ports Group and Kaheel Group.
The MoUs were concluded with the Pakistan Federal Board of Revenue, the Pakistan Ministry of Railways, Ministry of Maritime Affairs, the Pakistan National Shipping Corporation and Karachi Port Trust, and the Pakistan Airports Authority.
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 US$ 400mn over 15 years.
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.