Safeen Feeders, a subsidiary of Safeen Group, will manage the entire project, providing three very large crude carriers and one medium-range tanker
The two companies are expected to initially commit approximately Dhs463m for the investment into five ships
Once ready, the new terminal will have an initial capacity of 1.8 million TEUs
The launch of KEZAD Group opens new opportunities to scale up adjacent businesses such as KEZAD Communities, which provides integrated solutions for staff residential communities
The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International
The company launches first services to Southeast Asia, adding vital new trade routes for the UAE
The MoU will also boost Hayat Biotech’s global logistics and distribution activities through AD Ports Group’s logistics network, which includes its cold and ultra-cold pharma hub based in KIZAD
AD Ports Group will establish its first foreign office in Uzbekistan to support the project
The report cites the use of digital technology and green fuel alternatives as two of the major ways that countries are modernising their ports
The group reported Dhs1.047bn in revenue for Q1 2022, posting 15 per cent year-on-year growth
The agreement includes AD Ports as part of a consortium that will develop, operate and manage a multi-purpose terminal in Safaga Port
The virtual trade corridor will help customs authorities in both countries access pre-arrival information for international cargo movements
A feasibility study will be conducted into the future development of Ain Sokhna Port to explore potential investment opportunities to enhance its capacity
The plant located in the Khalifa Industrial Zone Abu Dhabi is expected to produce 23 million litres in its first operational year
With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports
The company will commence trading on the main exchange from February 8