- Home
- Middle East
- Iraq
- AD Ports Group, General Company for Ports of Iraq sign MoU to promote cooperation and investments
AD Ports Group, General Company For Ports Of Iraq Sign MoU To Promote Cooperation And Investments
Sumaira FH Published September 20, 2021 | 06:15 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 20th Sep, 2021) AD Ports Group, the leading global driver of trade and logistics, signed a Memorandum of Understanding (MoU) with the General Company for Ports of Iraq (GCPI) to promote increased cooperation between the two organisations within the fields of transportation and maritime.
Facilitated during a recent visit of a high-level delegation led by the Iraqi Minister of Transportation, the MoU was signed by Captain Mohamed Juma Al Shamisi, Group CEO, AD Ports Group, and Dr. Farhan Muhesen Al Fartosi, Director General of the General Company for Ports of Iraq, in the presence of Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and Nasser Hussein Al Shebly, Iraq's Minister of Transportation. Also present at the signing were Taleb Abdullah Bayesh, Under-Secretary of the Ministry of Transportation for Technical Affairs; Dr. Mudhafar Mustafa Al Jubouri, Iraq's Ambassador to the UAE; Shadi Malak, CEO of Etihad Rail; and Saif Al Mazrouei, Head of Ports Cluster, AD Ports Group.
Set for an initial period of 12 months with a clause for automatic renewal, the MoU will see the exchange of expertise and best practices by both organisations. Additionally, AD Ports Group will conduct feasibility studies on the management and operation of the General Company for Ports of Iraq’s ports and economic zones and other infrastructure, while also exploring potential investment opportunities.
As part of its scope, AD Ports Group will also develop national infrastructure, such as roads and rail networks, which will connect Al Faw Ports in Iraq with markets in Jordan and Turkey, while simultaneously financing the feasibility studies stated in the MoU.
Commenting on the MoU, Al Mazrouei said, "In line with the wise leadership’s vision, the signing of this MoU exemplifies the UAE’s drive to enhance cooperation with sister Arab states. Leveraging the lessons learned as part of our nation’s pursuit to develop strategic sectors and build frameworks that contribute to the economic and social development of the UAE, we are transferring this invaluable knowledge to our kin in Iraq in order to support the formulation of a diverse and sustainable economy in Iraq.
"
For his part, Al Shebly said, "It is our privilege to announce the start of this new cooperation with AD Ports Group. The MoU will serve as the starting point for future collaboration that will drive the development of a wide range of services, while also supporting investors across both our proud nations. It also sets the foundation to foster an Arabi ports’ ecosystem that can cater to the increasing global demands of this sector and keep pace with ambitious plans of the governments in Iraq and the UAE."
Captain Al Shamisi noted, "The signing of this strategic MoU with the General Company for Ports of Iraq is a vital step in the efforts to enhance our regional and global status within the maritime transportation and logistics industries. We are confident that the cooperation with Iraq will serve as the foundation of a promising future of success and developmental opportunities that will benefit both nations. It will also enhance trade and the flow of foreign investments to Iraq and will elevate the quality of maritime transportation and logistics services available in the region."
Dr. Al Jubouri said, "The Iraqi Embassy succeeded in convening this meeting at a very short notice, and it led to the signing of this MoU that will benefit the two sister states. The embassy was also successful in promoting cooperation between the Iraqi Ministry of Transportation on the one hand, and the Ministry of Energy and Infrastructure in the UAE and AD Ports Group on the other, and we would like to extend our deepest gratitude to the active collaboration of our Emirati peers, and we are aiming to strengthen our close ties in the near future."
Dr. Al Fartosi commented, "We are pleased to sign this MoU with a leading entity like AD Port Group, a titan with a rich history within the middle East’s maritime transportation and logistics segment. Capitalising on its robust portfolio of service capabilities and world class infrastructure, we fully expect to see our ports and transportation ecosystem in Iraq rise to new heights in the coming years. We look forward to promoting our cooperation with the UAE in order to foster the strategic position of the Arab Gulf region across the global supply chain."
Related Topics
Recent Stories
US urges Taliban to stop terrorist attacks on Pakistan from Afghan Soil
Nawaz Sharif decides to travel to KSA, London
New political party to emerge soon, says Shahhid Khaqan Abbasi
Islamabad United win hearts, expresses solidarity with Palestinians
Vivo Unveils the Future of Portrait Photography with the Premium and Elegant V30 ..
Infinix NOTE 40 series defies norms with the introduction of upto 20W MagCharge ..
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 March 2024
Today Gold Rate in Pakistan 19 March 2024
'Charter of economy is the need of the hour': Asif
14 bodies found in Haiti capital suburb amid gang violence
Punjab Chief Minister Maryam Nawaz Sharif announces metro bus projects in three ..
PM, UAE ambassador discuss ties
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
2 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
5 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
5 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
5 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
5 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
5 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
5 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
5 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
5 months ago -
SIBF turns spotlight on remarkable contributions of women
5 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
5 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
5 months ago