Tuesday, April 16, 2024

Abu Dhabi ports will play a key role in the future of world trade


Capt. Mohamed Zuma Al Shamsi, CEO of Abu Dhabi Ports Group, confirmed that the Group is interested in exploring opportunities and partnerships in regional and international markets; It is a signatory to several Global Partnership Agreements, which share its experiences and best practices, focusing on developing key hubs and enhanced regional transportation networks.

Al-Shamsi said in a statement to Emirates’ news agency WAM that the Abu Dhabi Ports Group has signed 5 strategic partnerships with Aqaba Development, adding that the group’s investments contribute to stabilizing Emirate’s position as a key supporter of regional trade. And logistics services, which enhance the attractiveness and potential of existing trade lines between East and West.

He added that the Abu Dhabi Ports Group’s partnerships include a significant international expansion for the group; Through the development and management of these important expansions, it works to create a regional network for the exchange of knowledge and expertise that will contribute to strengthening the regional economy and achieving sustainable growth.

He pointed out that the group mainly contributes to supporting the national economy; It accounts for 13.7% of Abu Dhabi Emirate’s non-oil GDP by 2020, while supporting more than 200,000 jobs in the UAE and managing 55% of the country’s total industrial zones.

Encourage sustainable growth

The CEO of Abu Dhabi Ports Group stressed that the Strategic Partnership Agreements signed by the Group with the Agaba Development Company in the Kingdom of Jordan’s Hashimite come within the framework of close fraternal relations and historic relations between the two fraternal countries and contribute to the improvement of sustainability. Economic development through the development of integrated infrastructure projects for transport, logistics and tourism in the Kingdom.

See also  "Gorbakken Youth" replants damaged trees

These partnerships support the port of Abu Dhabi’s plans for global expansion by utilizing Ahaba’s strategic location and its potential potential as a regional hub in the Red Sea region, and facilitating the movement of cruise ships from all European countries along the Mediterranean border. Travelers are encouraged to visit the Golden Triangle in the Kingdom of Aqaba – Wadi Rum – Petra.

He explained that the purpose of the partnership was to open the door to new opportunities for investment and cooperation in the trade and tourism sectors between the United Arab Emirates and the Hashimite Kingdom of Jordan by developing an integrated infrastructure for trade and transportation. And diversify the economy and provide new employment opportunities that support the trade sector, using Ahaba’s strategic location and its potential to grow into a regional hub in the Red Sea region.

Al Shamsi said: The strategic partnership between the Abu Dhabi Port Group and the Aqaba Development Company establishes a new phase of close cooperation, which reflects the depth of relations between the two brotherly countries and contributes to taking these strong ties to new heights. Formed by the leadership of the two fraternal nations five decades ago and as we witness today is a step towards the expansion and strengthening of these deeply rooted historical and cultural ties.

He pointed out that these important alliances came in response to orders from our wise leadership in the United Arab Emirates aimed at strengthening joint cooperation with Jordan’s Hashimite Kingdom, which is characterized by an attractive investment environment and many elements, incentives and promising opportunities.

See also  The tallest swimming pool in the world has opened its doors

Mutual investments

He said the port of Aqaba represents Jordan’s major maritime gateway to the world and that the projects being implemented integrate its regional role and its contribution to the Kingdom’s GDP; This collaboration contributes to the Abu Dhabi Ports Group’s leading role in shaping the future of global trade in line with its strategy to enhance its regional and global presence, reaffirming our interest in exchanging experience and knowledge with leading companies in the fraternity. And allies must contribute to sustainable economic growth.

Al-Shamsi pointed out that the mutual investment between the United Arab Emirates and Jordan is estimated at about $ 20 billion, and that these new projects will increase the volume of Emirati investment in Jordan’s Hashimite Kingdom.

The CEO of Abu Dhabi Ports Group said: “We are committed to the success of our partnership with companies in the Kingdom of Hashimite, Jordan, and are actively involved in achieving its aspirations, which aims to elevate Aqaba as a regional hub for trade and logistics. , Transport and Tourism, and we are confident that these projects will be the beginning of a future collaboration that will benefit both sides.

It is noteworthy that the Abu Dhabi Port Group has recently signed a number of important partnership agreements, including an agreement to build and operate a multipurpose terminal in the port of Safaka in the Arab Republic of Egypt and an agreement with Tiar al-Muharraq and Eagle Hills Thear. Plans in the logistics sector in Turkey in addition to a strategic joint venture agreement with the Turkish Sovereign Fund to build, operate and explore opportunities for a new cruise terminal in the Kingdom of Bahrain, to develop and operate ports, to explore investment opportunities and to coordinate joint ventures. With the signing of a Memorandum of Understanding with the Public Enterprise for Ports in Iraq with the aim of enhancing cooperation and partnership relations in the field of maritime transport. (Left)

See also  United Arab Emirates Joint Chiefs of Staff: Emirates Shield training aims to enhance the readiness of our forces
Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

Share post:


More like this

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...