AD Ports, Saif in deal to develop port projects in Bangladesh
ABU DHABI, 2 days ago
AD Ports Group, one of the world’s leading facilitators of global trade, logistics, and industry, and Saif Powertec have signed a MoU to potentially cooperate on operational projects and those under development in various ports in Bangladesh.
A leading provider of infrastructure-support services in Bangladesh, Saif Powertec is also involved in power and material handling solutions.
As per the terms of the agreement, both parties will explore working closely together to conduct joint activities and explore working on the development of Ports, container depots and logistics facilities in Chattogram, Mongla, and Dhaka.
The duo will establish a joint working group to share expertise, studies, strategies, technical assistance, and the implementation of joint activities, it stated.
The MoU was signed by Ahmed Al Mutawa, Regional CEO at AD Ports Group, and Tarafder Md Ruhul Amin, the Managing Director of Saif Powertec in the presence of senior officials from both parties.
AD Ports Group Managing Director and CEO Captain Mohamed Juma Al Shamisi said: "This cooperation highlights our ongoing commitment to unlocking fresh opportunities globally. Working alongside Saif Powertec will provide a greater platform for us to offer our world-class services and experience on various projects in Bangladesh."
"The signing of this MoU further enhances the Group’s presence in Bangladesh and South Asia as we continue to grow and develop the close relationships we have built over the years in line with the vision of our wise leadership," he stated.
Lauding the partnership, Amin said: "Today is another proud day for us as we continue our ongoing partnership with AD Ports Group, which could lead us to work together on big projects in Bangladesh. The MoU is yet another indicator of the strength of the relationship between the two and we’re looking forward to collaborating for many years to come."
"AD Ports Group brings a wealth of experience and know-how to the table when it comes to our industry, so teaming up with them to continue to grow our operations in Bangladesh makes total sense for us," he added.-TradeArabia News Service
