Page 425 - MOE ENGLISH PR REPORT- NOVEMBER 2024

AD Ports Group signs Memorandums of

Understanding with Government of Pakistan to

advance trade, transport and logistics

infrastructure

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AD Ports Group signs Memorandums of Understanding with Government of Pakistan to advance
trade, transport and logistics infrastructure
AD Ports Group has signed four Memorandums of Understanding (MoUs) with the Government of
the Islamic Republic of Pakistan to explore upgrading the nation’s maritime, rail, airport, customs,
and logistics infrastructure.

The MoUs were signed and exchanged in Islamabad in the presence of Muhammad Shehbaz Sharif,
Prime Minister of Pakistan, His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for
Foreign Trade, His Excellency Mohammad Ishaq Dar, Deputy Prime Minister of Pakistan and
Minister of Foreign Affairs, His Excellency Hamad Obaid Alzaabi, UAE Ambassador to Pakistan, as
well as several 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, the Pakistan National Shipping Corporation and Karachi Port Trust, and the Pakistan
Airports Authority.
As per the MoUs, the parties will explore potential to cooperate in customs, rail, airport
infrastructure, and maritime shipping and logistics, which, if pursued, would expand AD Ports
Group’s activities in the country.

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 the nation’s international 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 US$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 per cent from
2022, according to the UAE Ministry of Economy.

His Excellency Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, stressed that
the UAE and Pakistan have long-standing strategic partnerships in many sectors.
https://www.mediaoffice.abudhabi/en/transport/ad-ports-group-signs-memorandums-of-
understanding-with-government-of-pakistan-to-advance-trade-transport-and-logistics-
infrastructure/