AD Ports Group, Adani Ports sign MoU for joint infra investment in Tanzania | Whuff News

AD Ports Group, a leading facilitator of global trade, logistics and industry, has signed a Memorandum of Understanding (MoU) with Adani Ports and SEZ Ltd, India’s largest integrated port and logistics company, for strategic joint investment in end-to-end. infrastructure and logistics solutions, which include rail, maritime services, port operations, digital services, industrial zones and the establishment of a maritime academy in Tanzania.

The two companies signed an agreement that sets out a series of country-level investments that have the potential to grow, improve and promote an end-to-end maritime and logistics ecosystem that will make Tanzania a hub for the African region.

Captain Mohamed Juma Al Shamisi, Managing Director and Group Chief Executive Officer, AD Ports Group, said: “This MoU with Adani Ports and SEZ Ltd is significant in its impact on Tanzania’s ability to transform itself into an African trading hub, as well as our ability to further develop and our global relationships that will bring goods to market faster and more efficiently.”

“Our strategic investment in Tanzania in infrastructure and solutions will enable international companies to enter the African market. In line with the direction of the UAE leadership, we are positioning Abu Dhabi as a global leader in logistics and industry.”

Karan Adani, Chief Executive Officer of Adani Ports and SEZ Ltd, said: “We are delighted to partner with AD Ports Group in the development of key quality infrastructure in Tanzania especially in the ports and maritime sector, which will improve and bring about positive change in the community, standing with our commitment to grow with goodness. We continue to support local employment, as well as general economic growth in Tanzania and the East African countries that will benefit from our investment through our partnership with AD Ports Group.

Watch all Corporate news and Updates about Live Mint. Download Mint News App to get Daily Market Updates & Live Business News.


Source link