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Monday, September 25, 2023

AD Ports, Chinese firm sign strategic agreement

AD Ports Group and China Machinery Engineering Group Corporation (CMEC GROUP) sign an MoU to establish a strategic relationship. The agreement aims to explore opportunities globally, with a focus on the Middle East, Central Asia, South Asia, South East Asia, East Asia, Africa, South America, and Europe.

The partnership will encompass various sectors, including industry and infrastructure development, financing, operation, and logistics. The MoU, valid for three years, seeks to achieve mutual benefits and expand the global market.

Both companies will prioritize each other in project procurement and collaboration. The collaboration holds significant potential to leverage the predicted growth in China-UAE trade and foster innovation and prosperity in their respective regions.

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