Deal to explore logistics infrastructure collaborations in Alexandria
AD Ports Group announced today the signing of a Memorandum of Understanding (MoU) with the Egyptian Ministry of Industry and Transport to explore joint development and operations an integrated logistics Park in Alexandria.
The signing took place today in Cairo in the presence of HE Lieutenant General Engineer Kamel Al Wazir, Egyptian Minister of Industry and Transport, and HE Mariam Al Kaabi, UAE Ambassador to Egypt and Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, Ad Ports Group.
The signing was conducted by Ahmed Al Mutawa, Regional CEO, AD Ports Group and Amr Ahmed Moustafa, Executive Managing Director, Holding Company for Maritime and Land Transportation (HCMLT), an affiliate of the Ministry of Transportation of Egypt.
Collaboration
AD Ports Group will pursue a collaboration with HCMLT to explore developing, managing and operating 1.1sqkm of Integrated Logistics Area, set to be one of the largest logistics hubs on the Mediterranean Sea, at Alexandria Port. The port accounts for about 60% of Egypt’s foreign trade, according to government figures.
“Today’s signing could lead to strategic infrastructure projects in the Mediterranean Sea region that would leverage Egypt’s global trade flows, driving economic growth and advancing the Group’s portfolio of value-added investments,’’ remarked Capt. Al Shamisi.
The UAE and Egypt enjoy a close and fruitful relationship, and the new signing will further enhance the ties between both countries.
Over the last three years, AD Ports Group has entered the Egyptian market with the acquisition of Egyptian maritime companies Transmar, TCI, and Safina BV.
