AD Ports Group, a leading Emirati company in facilitating global trade, logistics and industry, announced on Wednesday, January 22, the signing of a memorandum of understanding with the Egyptian Ministry of Industry and Transport. The purpose of this cooperation is to investigate the development and joint operation of an integrated logistics park in Alexandria.
Publish dateThursday 23 January 2025 - 10:48
According to Amac News: This memorandum of understanding was signed in Cairo in the full presence of Al-Wazir, Minister of Industry and Transport of Egypt, Maryam Al-Kaabi, UAE Ambassador to Egypt, and Muhammad Juma Al-Shamsi. CEO and Group CEO of AD Ports Group was signed.
Ahmed Al-Motowa, Regional Executive Director of AD Ports Group and Amr Ahmed Mostafa, Executive Director of the Land and Sea Transport Holding Company (HCMLT) affiliated to the Egyptian Ministry of Transport signed the agreement.
Under this agreement, AD Ports Group will collaborate with HCMLT to explore the development, management and operation of an integrated logistics zone of 1.1 square kilometers, which is to be One of the largest logistics centers in the Mediterranean Sea in the port of Alexandria.
According to the statistics of the Egyptian government, this port includes about 60% of the country's foreign trade.
"We are working with the Egyptian government to bring growth, employment and prosperity to the people of Egypt," said Mohammad Juma Al-Shamsi, CEO of AD Ports Group. "Today's signing could lead to strategic infrastructure projects in the Mediterranean region that will tap into Egypt's global trade flows and boost growth. It accelerates the economy."
Ahmed Al-Motowa, Regional Executive Director of AD Ports Group and Amr Ahmed Mostafa, Executive Director of the Land and Sea Transport Holding Company (HCMLT) affiliated to the Egyptian Ministry of Transport signed the agreement.
Under this agreement, AD Ports Group will collaborate with HCMLT to explore the development, management and operation of an integrated logistics zone of 1.1 square kilometers, which is to be One of the largest logistics centers in the Mediterranean Sea in the port of Alexandria.
According to the statistics of the Egyptian government, this port includes about 60% of the country's foreign trade.
"We are working with the Egyptian government to bring growth, employment and prosperity to the people of Egypt," said Mohammad Juma Al-Shamsi, CEO of AD Ports Group. "Today's signing could lead to strategic infrastructure projects in the Mediterranean region that will tap into Egypt's global trade flows and boost growth. It accelerates the economy."
amacnews.com/vdcd.k0x2yt095me6y.html
Source : news agency wam
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