AD Ports Group signs 4 MoUs with Pakistan to boost trade and transport links

These include agreements with the Pakistan Federal Board of Revenue, the Pakistan Ministry of Railways, the Ministry of Maritime Affairs, the Pakistan National Shipping Corporation and Karachi Port Trust, and the Pakistan Airports Authority.

As per those MoUs, the parties will explore potential collaborations in customs, rail, airport infrastructure, and maritime shipping and logistics.

The focus covers a wide range of basic transport and trade areas, ranging from improving digital customs controls, to developing dedicated freight rail corridors, to upgrading the nation’s maritime fleet and marine services, as well as cooperation in enhancing the logistics and transport services in Pakistan’s main airports.

The pacts are expected to expand the UAE port and logistics major’s activities in the South Asian country.

Dr Thani Bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, said the MoUs signed establish a new phase of prosperity in trade and investment between the two countries.

“They will contribute to providing new opportunities for the business communities and private sectors on both sides, support sustainable development efforts, and stimulate joint economic growth to achieve the mutual interests of both countries and peoples,” he said.

The minister said the agreements follow a common will between the two countries to advance their trade and investment relations to new heights in main priority sectors.

AD Ports Group is a major investor in Pakistan, which is a strategic trade gateway to Central Asia and Russia.

With UAE partner Kaheel Terminals, AD Ports Group is developing, operating and managing container, bulk and general cargo operations at the Port of Karachi, the South Asian country’s major port, where it has agreed to invest almost $400 million over 15 years.