Abu Dhabi, UAE– AD Ports Group has signed a Memorandum of Understanding with Tosyalı, one of Türkiye’s largest private steel producers, which has operations in three continents.
The MoU looks to establish the framework for AD Ports Group to collaborate with Tosyalı on shipping, logistics, ports, and freight forwarding services, including potentially jointly investing in new port facilities to support its export operations.
With 30 manufacturing plants, including associates and joint ventures in Türkiye, Algeria and Angola, Tosyalı has an annual manufacturing capacity of more than 10 million tons of steel, with significant volumes shipped to markets around the world.
The company operates an organized industrial site at Iskenderun Port, Türkiye, and is involved in developing the new Erzin Port.
Executives are confident that the collaboration will contribute to the developing trade relationship between the UAE and Türkiye, which saw non-oil trade between the two countries grow by 54 percent year-on-year in 2021 to AED50.4 billion.
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, of AD Ports Group, said, “Our integrated business offering enables us to provide a full suite of shipping, logistics and port services for customers like Tosyalı, supported by innovative digital technology. We are grateful for the support and guidance of the UAE’s leadership that enables us to pursue global agreements of this nature.”
Fuat Tosyalı, Chairman of the Board of Directors of Tosyalı Holding Co., said, “We aim to deploy shipping and logistics facilities that can bring our products to market quickly and efficiently and contribute to the growth of our nation’s exports.”