Initiative will boost UAE-Kuwait bilateral trade
The AD Ports Group (ADPG) recently announced the launch of a new direct shipping service dedicated to Ro-Ro, between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port. The new service aims to improve commercial connectivity and facilitates trade with Kuwait.
“As the region’s premier facilitator of logistics, industry, and trade, AD Ports Group is committed to utilising its integrated logistics capabilities to meet customers’ requirements, help grow their businesses,” stressed Captain Ammar Mubarak Al Shaiba, Acting CEO, Maritime Cluster and SAFEEN Group, AD Ports Group, commenting on the launch of the news service.
The long-standing bilateral trade ties enjoyed between the two GCC countries in recent years saw a rapid growth in several key commodity markets. During 2022, the Federal Competitiveness and Statistics Centre’s preliminary data shows an increase in non-oil trade exchange between the two countries estimated at AED 43.5bn (US$ 11.85bn), compared to AED 38.5bn (US$ 10.48bn) in 2021, recording 13% growth.
The launch of the new shipping service between Khalifa Port and Shuwaikh Port is part of AD Ports Group’s efforts to enhance trade connectivity and facilitation in the region.
