AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for port development and operations besides coordinating efforts to examine other logistics-related investment projects within Turkey.
Under the terms of the agreement, the two organizations will also collaborate in establishing a joint steering committee to assess all investment opportunities and foster trade ties between the two parties, media reports said.
The agreement was signed by Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group, and Salim Arda Ermut, CEO of Turkiye Varlik Fonu in the presence of Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan and Turkey’s President Recep Tayyip Erdogan.
The agreement will strengthen AD Ports Group position as a leading integrated ports and logistics entity in the region and will increase trade between the UAE and Turkey, the reports said.
AD Ports Group has recently signed strategic collaboration agreements with leading organizations in Jordan, Iraq and Egypt.
Captain Al Shamsi said, “Turkey offers a broad range of important and attractive investments for AD Ports Group, and we believe Turkiye Varlik Fonu will be an ideal partner to help implement our ambitious plans.”
Salim Arda Ermut, CEO, Turkiye Varlik Fonu, said, “Turkey has several world-class port assets, and collaboration with AD Ports Group will help raise the range of services and quality of infrastructure to the next level.”