Posted on August 3, 2022
Abu Dhabi port operator AD Ports has signed an initial agreement with Hong Kong’s Hutchison Ports to explore joint investment opportunities, kicking the partnership off in Tanzania.
Under the deal, both companies will identify expansion opportunities related to feedering, logistics, and port activities across the Gulf, Africa, and Asia, the Abu Dhabi firm said in a statement.
The first venture in the partnership is the plan to operate in Tanzania, and enhance market competitiveness of port operations across the East African country.
AD Ports group chief Mohamed Juma Al Shamisi said: “As a starting point, we will work together to enhance and elevate Tanzania Port’s standing as a world-leading trade hub.”
“AD Ports Group will advance plans to develop and implement an innovative logistics, transportation, and digital port management system, as well as investing in the development of new infrastructure, such as logistics centres and new inland container depots around Dar Es Salaam Port,” he added.
The Dar Es Salaam port processes most of Tanzania’s trade, and serves as a crucial entry point to the country.
Both firms will “work closely with the Tanzania Port Auhtority to further develop Tanzania International Container Terminal Services,” Eric Ip, managing director at Hutchison Ports, said.