Leading facilitator of global trade, logistics and industry AD Ports Group has signed a memorandum of understanding (MoU) with Saif Powertec Limited to explore cooperation on port projects in Bangladesh.

The MoU was signed on Wednesday by Ahmed Al Mutawa, Regional CEO, AD Ports Group, and Tarafder Md Ruhul Amin, Managing Director of Saif Powertec Ltd., in the presence of senior officials from both parties in Abu Dhabi.

The MoU outlines plans to work together on operational projects and developments in ports across Bangladesh.

The MoU outlines plans to conduct joint activities and work on the development of ports, container depots and logistics facilities in Chattogram, Mongla, and Dhaka. A joint working group will share expertise, studies, and strategies to implement joint activities.

Capt Mohamed Juma Al Shamisi, Managing Director and Group CEO – AD Ports Group, said: “This cooperation highlights our ongoing commitment to unlocking fresh opportunities globally. Working alongside Saif Powertec Ltd 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.”

Tarafder Md Ruhul Amin from Saif Powertec Ltd 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 Saif Powertec Ltd and AD Ports Group 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.” – TradeArabia News Service