Page 420 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/14/24, 12:48 PM AD Ports Group and Pakistan Government to Explore Enhancing Trade, Transport and Logistics Infrastructure
AD Ports Group and Pakistan Government to Explore Enhancing Trade, Transport and Logistics
Infrastructure
Focus covers a wide range of basic transport and trade areas
TLME News Service
Published on: 11 Nov 2024, 7:14 pm

AD Ports Group, an enabler of integrated trade, transport and logistics solutions, signed four
Memoranda of Understanding (MOU) today with the Government of Pakistan to explore
transportation opportunities in the maritime, air and rail sectors as well as logistics and digital
services.

The MoUs were signed and exchanged in Islamabad in the presence of H.E Muhammad Shehbaz Sharif,
Prime Minister of Pakistan, H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade,
H.E Mohammad Ishaq Dar, Deputy Prime Minister and Minister of Foreign Affairs , H.E. Hamad Obaid
Alzaabi, UAE Ambassador to the Islamic Republic of Pakistan, as well as a number of Cabinet Ministers
and senior officials from AD Ports Group and Kaheel Group.

The MOUs were concluded with the Pakistan Federal Board of Revenue, the Pakistan Ministry of Railways,
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, which, if pursued, would expand AD Ports Group’s activities in the
country.

AD Ports Group and Somali Ministry of Fisheries & Blue Economy Sign MoU for Maritime Sector
Development

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.

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, Pakistan’s major port, where it has
agreed to invest almost USD 400 million over 15 years.

The UAE is one of Pakistan’s largest trade partners and a major source of foreign investment, which has
amounted to more than US$10 billion over the last 20 years, according to the UAE Ministry of Foreign
Affairs. The UAE-Pakistan trade volume rose to US$7.9 billion in 2023, up 12% from 2022, according to
the UAE Ministry of Economy.

https://www.transportandlogisticsme.com/smart-logistics/ad-ports-group-and-pakistan-government-to-explore-enhancing-trade-transport-and-logistics-i… 1/2