May 19, 2023 (MLN): The Abu Dhabi Ports Group (AD Ports) on Thursday signed a Memorandum of Understanding (MOU) with the Karachi Port Trust (KPT) to enhance port infrastructure, improve regional connectivity and foster economic growth in Pakistan, said a press release issued yesterday.
The MOU signing between Abu Dhabi Ports and Karachi Port Trust represented a shared vision to drive sustainable growth, promote trade diversification, and strengthen bilateral ties between the UAE and Pakistan. The collaboration encompasses a wide range of initiatives and projects aimed at enhancing port infrastructure, optimizing operational efficiencies, and embracing digitalization.
The Group will also attract foreign direct investment and leverage its technical expertise to conduct feasibility studies and analysis, to ensure commercial success of the project.
The Abu Dhabi Ports Group (AD Ports) delegation visited Karachi and met with Faisal Sabzwari, Federal Minister For Maritime Affairs, Pakistan. The delegation was led by H.E. Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group along with his senior team.
AD Ports Group is a UAE government-owned entity and the leading maritime and logistics provider from the Middle East.
The MOU paves the way for enhancing bilateral cooperation and increasing efforts in the development, expansion, and digitalization of port projects within Pakistan.
