AD Ports, Hutchison to explore investments in GCC, Asia, Africa

Share
1 min read
AD Ports Group’s revenue grew 53 percent Year on Year to $399 million in the third quarter of  2022.
Share
  • They will partner to operate within Tanzania to enhance the capabilities and market competitiveness of port operations in the country, including Dar Es Salaam Port.
  • Potential areas of focus include improving servicing to several of Tanzania’s landlocked remote areas and neighboring countries.

Abu Dhabi Ports and Hutchison Ports have signed an MoU to identify joint investment and business opportunities related to feedering, logistics, and port activities across the GCC, Africa and Asia.

The two organizations will also form a partnership to operate within Tanzania, where they will work closely together to explore opportunities to further enhance the capabilities and market competitiveness of port operations across the East African country, including Dar Es Salaam Port.

Potential areas of focus include improving servicing to several of Tanzania’s landlocked remote areas and neighboring countries, cultivating more cargo sources, and the enhancement of existing supporting logistics and cargo processing facilities.

Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, said, “We are pleased to announce the start of a new collaboration with Hutchison Ports. As a starting point, we will work together to enhance and elevate Tanzania Port’s standing as a world-leading trade hub.”

“AD Ports Group will advance plans to develop and implement an innovative logistics, transportation, and digital port management system, as well as investing in the development of new infrastructure, such as logistics centers and new inland container depots around Dar Es Salaam Port,” he added.

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

Please enable JavaScript in your browser to complete this form.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST