Cooperation between "Abu Dhabi Ports" And the Egyptian Ministry of Transport to develop and manage a logistics complex in Alexandria
CAIRO, 22nd January, 2017 (WAM) – Abu Dhabi Ports Group today signed a memorandum of understanding with the Egyptian Ministry of Transport to explore opportunities to enter into joint projects to develop and manage an integrated logistics complex in Alexandria.
The signing was attended by Lt. General Engineer Kamel Al Wazir, Deputy Prime Minister for Industrial Development, Egyptian Minister of Industry and Transport, Her Excellency Maryam Al Kaabi, UAE Ambassador to the Arab Republic of Egypt, and Captain Mohammed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group.
The memorandum of understanding was signed in Cairo by Ahmed Al Mutawa, Regional CEO of Abu Dhabi Ports Group, and Dr. Amr Mostafa, Executive Managing Director of the Holding Company for Maritime and Land Transport, affiliated with the Egyptian Ministry of Transport.
Abu Dhabi Ports Group seeks to cooperate with the Holding Company for Maritime and Land Transport to explore opportunities to develop, manage and operate an integrated logistics area extending over an area of 1.1 square kilometers, which is scheduled to be one of the largest logistics centers on the Mediterranean Sea, in the port of Alexandria, through which it passes. About 60% of Egypt’s foreign trade, according to government figures.
Captain Mohammed Juma Al Shamsi said: In line with the vision and directives of our wise leadership, Abu Dhabi Ports Group continues to enhance cooperation with our partners from government agencies to achieve long-term development of their economies, especially with our brothers in Egypt, which contributes to fueling growth, providing more jobs, and achieving prosperity for the Egyptian people.
He added that with our signing today, the memorandum of understanding, we look forward to implementing strategic infrastructure projects in the Mediterranean region, which will contribute to enhancing Egypt’s role in the flow of global trade, supporting economic growth in the country, and enhancing our group’s portfolio of value-added investments.
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