Abu Dhabi Terminals (ADT) and Cosco Shipping Port (CSP) - Abu Dhabi have signed a Memorandum of Understanding (MoU) to strengthen collaboration and ensure smooth transactions between the two facilities.

The MoU promises to increase the cooperation between the two companies, directly benefitting the Abu Dhabi and UAE trade and supporting the Abu Dhabi Leadership vision 2030.

The signing of the MoU came in conjunction with the official inauguration of CSP Terminal – Abu Dhabi.

The two parties, ADT and CSP – Abu Dhabi, will facilitate a significant increase in the contribution to the non-oil GDP growth for Abu Dhabi. The agreement further seeks to ensure that customers can continue to enjoy the world class customer experience of Khalifa Port. The port’s growing importance in local, regional and global trade is further cemented by its inclusion as the main regional hub of the Chinese Belt and Road initiative, which is expected to be a substantial contributor to the overall growth of Abu Dhabi and the UAE economies as a whole.

The MoU was signed by Abdullah Al Hameli, acting CEO of ADT and Captain JU Weiping, director and general manager of CSP-Abu Dhabi, and was witnessed by Captain Mohamed Juma Al Shamisi, chairman of ADT and CEO of Abu Dhabi Ports and Captain Xu Lirong, chairman of China Cosco Shipping Corporation Limited.

Al Hameli said: "The signing of this MoU is of key importance, not only to our two companies, but to the future success of Khalifa Port and our customers, Abu Dhabi and UAE trade. Through close collaboration, we aim to significantly support the increase in contribution to the GDP growth of Abu Dhabi. This will be done in full support of the Abu Dhabi leadership vision and we expect that this agreement will serve as a spring board for jointly achieving new levels of excellence. I have no doubt that our work together will deliver admirable results well into the future."

"We congratulate CSP – Abu Dhabi on the official inauguration of their facility and stand ready to shape the future and new face of the regional maritime industry together," he added. - TradeArabia News Service