Agreement to boost vehicle trade volumes
AD Ports Group, and SPG Yantai Port (SPG), a large government owned enterprise that operates major ports in East China’s Shandong province, have signed a preliminary strategic agreement to establish green automotive business parks, promoting vehicle trade between Asia, Middle East and North Africa and leveraging sustainable energy.
Under the terms of the agreement the parties will explore the establishment and operation of an integrated bilateral terminal and auto hub network, connecting the Asia-Pacific Green Automotive Circular Economy Industrial Park in Yantai, Shandong, with AD Ports Group’s automotive terminals and hubs in the UAE, and other key countries, to create a seamless and efficient vehicle supply chain.
Auto hubs
The development of state-of-the-art auto hubs integrated into ports, utilizing AI-driven technologies to enhance operational efficiency and deliver competitive advantages in the automotive logistics sector.
This will include exploration of sustainable energy initiatives, leveraging SPG Yantai Port’s advanced energy infrastructure and logistics capabilities alongside AD Ports Group’s strategic location in the Middle East, and its role in supporting the thriving energy sector in the region.
“The development of integrated green automotive industrial parks will elevate Abu Dhabi’s role as a key hub for the automotive market contributing to economic diversification, supporting a circular economy and creating sustainable value for customers across Asia, the Middle East and North Africa,” concluded Captain Ammar Al Shaiba, CEO, Maritime & Shipping Cluster, AD Ports Group.
