Abu Dhabi, UAE— In order to improve commercial connectivity and trade between the UAE and Kuwait, AD Ports Group launched a new direct shipping service dedicated to Ro-Ro between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port.
Commenting on the launch of the new shipping service, Captain Ammar Mubarak Al Shaiba, Acting CEO of the Maritime Cluster and SAFEEN Group, AD Ports Group said: “As the region’s premier facilitator of logistics, industry, and trade, AD Ports Group is committed to utilising its integrated logistics capabilities to meet customers’ requirements, help grow their businesses, and facilitate their access to their target markets with competitive rates and reduced time through Khalifa Port, the strategic gateway to Abu Dhabi.”
The long-standing bilateral trade ties enjoyed between the two GCC countries in recent years saw a rapid growth in several key commodity markets.
Also read: Non-oil trade between UAE and Kuwait up 87 percent in 10 years
During 2022, the Federal Competitiveness and Statistics Centre’s preliminary data shows an increase in non-oil trade exchange between the two countries estimated at $12 billion, compared to $10.48 billion in 2021, recording 13 percent growth.
In addition, the value of non-oil exports to Kuwait increased from $3.45 billion to $3.86 billion. While the value of re-exports to Kuwait increased from $5.69 billion to $5.96 billion, coinciding with the increase in imports to the UAE from $1.33 billion to $1.99 billion.
The volume of trade exchange between the UAE and the countries of the region has recently witnessed significant growth, owing to a set of comprehensive business agreements and strategic partnerships with neighbouring countries, including, but not limited to, the agreements AD Ports Group signed with Egypt, Jordan, Iraq and Turkiye.
The launch of the new shipping service between Khalifa Port and Shuwaikh Port is part of AD Ports Group’s efforts to enhance trade connectivity and facilitation in the region.
