AD Ports Group, China’s CMEC GROUP ink agreement for global infrastructure development
23.08.2023
The Abu Dhabi-based facilitator of logistics, industry, and trade, AD Ports Group, signed a Memorandum of Understanding (MoU) with the China Machinery Engineering Group Corporation (CMEC GROUP), a state-owned key enterprise directly managed by the central government of China aimed at fostering infrastructure development on a global scale.
Under the agreement, the two entities will explore collaboration opportunities across various regions, with a focus on the Middle East, Central Asia, South Asia, South East Asia, East Asia, Africa, South America, and Europe.
the companies will cooperate in various sectors, including global industry and infrastructure development, financing, construction, operation, and maintenance, leveraging their respective strengths and expertise.
Additionally, the partnership will extend to global economic cities and free zone development, as well as international logistics.
Valid for three years, the MoU seeks to achieve mutual benefits and establish a long-term strategic cooperative relationship based on trust and shared resources, aiming to expand the global logistics market.