Partnership to offer logistics capabilities in Pakistan
AD Ports Group has announced the formation of a new joint venture (JV) with CEI Supply Chain Private Limited, a premier logistics service provider in Pakistan, to develop a robust, asset-light network delivering door-to-door solutions across the region.
The signing ceremony was held in Karachi, in the presence of HE Salem Mohammed Al Zaabi, Ambassador of the UAE to Pakistan; HE Dr. Bakheet Ateeq Alremethi, the UAE Consul General in Karachi; and Farook Al Zeer, Chairman of the Logistics Cluster-AD Ports Group. The agreement was signed by Abdulaziz Zayed Al Shamsi, Regional CEO-AD Ports Group; and Sohail Yasin Suleman, Group Chairman-World Wide Group.
Pakistan presence
Under the terms of the agreement, AD Ports Group will acquire a 51% majority shareholding in the new entity, further solidifying its presence in Pakistan.
The new company will leverage CEI’s operational footprint in Pakistan, which includes key offices in Karachi, Lahore, Sialkot, and Islamabad.
“This joint venture with CEI allows us to bridge the gap between port and final consumer, driving efficiency for our customers, and supporting our vision of developing Pakistan as a regional hub for the Middle Corridor and Central Asian markets,” stated Al Shamsi.
“Partnering with a leading integrated trade enabler such as AD Ports Group is a transformative step for CEI, which will support the wider logistics sector in Pakistan,” commented Suleman.
