A high level delegation from the United Arab Emirates (UAE) visited Karachi and met with Faisal Sabzwari, Federal Minister For Maritime Affairs, Government of Pakistan, to sign a strategic Memorandum of Understanding (MOU) which will see a total investment of over $ 2 billion USD as direct foreign investment into Pakistan.
The Abu Dhabi Ports Group (AD Ports) delegation was led by Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group along with his senior team. The AD ports have committed to invest in port infrastructure, special economic zone, run cargo rail and inland ports with a total investment of over 2 billion USD as direct foreign investment into Pakistan.
AD Ports Group is a UAE Government owned entity and the leading maritime and logistics provider from the Middle East.
The Group has taken a significant step towards enhancing regional connectivity and fostering economic growth in Pakistan by signing a Memorandum of Understanding (MOU) with the Karachi Port Trust (KPT). The MOU paves the way for enhancing bilateral cooperation and increasing efforts in the development, expansion, and digitalization of port projects within Pakistan.
The MOU signing between Abu Dhabi Ports and Karachi Port Trust represents a shared vision to drive sustainable growth, promote trade diversification, and strengthen bilateral ties between the UAE and Pakistan.
