AD Ports Group Signs Strategic Partnership Agreement with Turkiye Varlik Fonu
In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, and President Recep Tayyip Erdogan, AD Ports Group and Turkey’s Turkiye Varlik Fonu today signed a strategic partnership agreement to collaborate on major investment opportunities for port development and operations, and to coordinate efforts to examine other logistics-related investment projects within Turkey.
The agreement was signed by Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group, and Salim Arda Ermut, CEO of Turkiye Varlik Fonu. The ceremony was held in Turkey.
Under the terms of the agreement, the two organisations will collaborate in exploring and examining a range of opportunities for investments in Turkey, establishing a joint steering committee to assess all investment opportunities and foster trade ties between the two parties.
The agreement will strengthen AD Ports Group position as a leading integrated ports and logistics entity in the region and will increase trade between the UAE and Turkey.
AD Ports Group continues to significantly enhance its global footprint by signing strategic collaboration agreements with leading organisations in Jordan, Iraq and Egypt. The Group is deploying its expertise in operating world-class ports, industrial cities and free zones, and logistics services in support of these international agreements.
Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group, said: “AD Ports Group is delighted to enter into this strategic agreement with Turkiye Varlik Fonu, recognising the significant economic and technological development our collaboration can deliver. Turkey offers a broad range of important and attractive investments for AD Ports Group, and we believe Turkiye Varlik Fonu will be an ideal partner to help implement our ambitious plans. This long-term agreement factors into our global strategy to reimagine world trade and logistics, under the guidance of our wise leadership.”
Salim Arda Ermut, CEO, Turkiye Varlik Fonu, said: “We are pleased to be working with AD Ports Group as part of a broad range of national measures to strengthen our trade, maritime and logistics sectors. Turkey has a number of world class port assets, and collaboration with AD Ports Group will help raise the range of services and quality of infrastructure to the next level.”
Abu Dhabi Ports Company
Abu Dhabi Ports Company (ADPC) is a master developer and regulator of ports and industrial zones. The objective of ADPC is to act as an enabler for development and trade and facilitate its contribution to the diversification of the national economy. In doing so, it will provide its customers and stakeholders with the highest levels of service in a responsive and transparent manner.
ADPC was established in March 2006 by Emiri Decree No. 6 of 2006 in the Emirate of Abu Dhabi as part of the restructuring of the commercial ports sector in the Emirate and was given control and regulatory enforcement power over all commercial ports assets previously owned by the Abu Dhabi Seaports Authority (ADSA).