A high-powered delegation from Abu Dhabi Ports Group (AD Ports) recently visited Karachi and met with Faisal Sabzwari, the Federal Minister for Maritime Affairs of Pakistan. Led by Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group, the delegation discussed strengthening bilateral ties and regional connectivity.
AD Ports Group, a leading maritime and logistics provider from the Middle East and a UAE government-owned entity, took a significant step towards fostering economic growth in Pakistan by signing a Memorandum of Understanding (MOU) with the Karachi Port Trust (KPT). The MOU sets the stage for increased cooperation in the development, expansion, and digitalization of port projects in Pakistan.
The signing of the MOU between Abu Dhabi Ports and Karachi Port Trust reflects a shared vision to drive sustainable growth, promote trade diversification, and strengthen bilateral ties between the UAE and Pakistan. The collaboration will focus on a wide range of initiatives and projects, including enhancing port infrastructure, optimizing operational efficiencies, and embracing digitalization. Additionally, the partnership aims to attract foreign direct investment and leverage technical expertise to conduct feasibility studies and analyses for the successful implementation of the projects.
Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group, expressed the group’s commitment to leveraging their experience and strong relationships with major shipping lines to transform Karachi Port into a premier hub for transshipment and imported/exported cargo. By aligning with the vision of economic diversification set forth by the leadership, this collaboration is expected to position Karachi Port as a global trade hub and reinforce its significance in the trade and maritime industries, thereby contributing to regional economic prosperity.
The Chairman of Karachi Port Trust emphasized the significance of the partnership with Abu Dhabi Ports, considering it a major milestone for the port. By combining their strengths and expertise, the collaboration aims to unlock unprecedented growth opportunities for Karachi Port and the wider trade community. Together, they will work towards transforming Karachi Port into a world-class maritime hub capable of effectively meeting the demands of the evolving global trade landscape.
The MOU between Abu Dhabi Ports and Karachi Port Trust marks a significant step towards enhancing regional connectivity and driving economic growth in Pakistan. The collaboration is poised to bring about substantial improvements in port infrastructure and operations, positioning Karachi Port as a key player in global trade and contributing to the overall prosperity of the region.
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