Partnership to develop clean bulk handling and storage facility
AD Ports Group has announced that Karachi Gateway Terminal Multipurpose Limited (KGTML), part of Noatum Ports, the international ports operating arm of AD Ports Group, and Louis Dreyfus Company Pakistan (Private) Limited, a subsidiary of leading global merchant and agricultural goods processor Louis Dreyfus Company (LDC), recently signed a long-term commercial agreement to develop and operate a modern clean bulk handling and storage facility for agricultural goods at Karachi Port.
Under the agreement, KGTML will invest in the design and construction of a highly efficient, food-grade clean bulk facility, including a handling and conveyor system along with associated infrastructure and utilities, to support the efficient handling and storage of dry agricultural bulk cargo, in line with international best practices, while LDC has committed to providing an inbound volume of agricultural commodities.
Strategic investment
The Strategic Investment and Infrastructure Utilisation Agreement was signed in Abu Dhabi by Mohammed Al Tamimi, CEO of Noatum Ports, and Rubens Marques, Head of South and Southeast Asia, LDC.
The signings took place in the presence of Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, and Michael Gelchie, Chief Executive Officer, LDC.
“We are committed to exploring further opportunities for collaboration across new markets, capitalizing on our shared capabilities to deliver world-class, high-impact infrastructure solutions,” stated Mohammed Al Tamimi, Chief Executive Officer of Noatum Ports.
“The facility will be a key lever as we work to enhance our supply chain capabilities for the benefit of our business partners up- and downstream – in Pakistan, the region and beyond,” commented Rubens Marques, LDC’s Head of South and Southeast Asia.
