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AD Ports Group, one of the main logistics, industry and trade facilitators in the region, continues its ongoing global expansion strategy, signing an important strategic agreement with the Angolan organization to strengthen maritime connectivity on the west coast of Africa.
AD Ports has signed a framework agreement with the Angolan Ministry of Transport to start a nationwide cooperation in the development of maritime services and infrastructure.
The group has also signed a principals agreement for a clause agreement with state-owned logistics and transport company Unicargas to create a joint venture that manages the multipurpose terminal at the port of Luanda, Angola’s busiest port, which handles more than 70% of the country’s of international cargo imports and 80% of non-oil exports.
It added that the new joint venture, majority-owned by AD Ports Group, will focus on modernizing, managing and operating Unicargas’ multi-purpose terminal and logistics operations.
Areas highlighted by the strategic framework agreement with the ministry for possible future joint investment and development include ferry and coastal transport services, maritime passenger terminals and logistics platforms, and the Angolan Maritime Academy.
The framework agreement, signed at Abu Dhabi Sustainability Week 2023 in the presence of Minister of State Sheikh Shakhbout bin Nahyan Al Nahyan, also includes plans to consider the development of the Caio deepwater terminal in the port of Cabinda, Angola’s oil region. Wealthy Northwest Territories.
AD Ports Group’s new agreement in Angola has the potential to significantly boost the country’s maritime sector.
Since Angola’s oil and gas sector contributes about 50 percent of the republic’s GDP and 90 percent of its exports, the energy sector is likely to benefit greatly from improved connectivity, it said.
Captain Mohamed Juma Al Shamisi, Group CEO and Managing Director, said: “Our partnership with the Republic of Angola demonstrates AD Ports Group’s commitment to supporting the strong and growing relationship between the UAE and Angola, as directed by our wise leadership. “
“We are focused on building fast and efficient sea trade routes and we are delighted to bring our strong knowledge base to Angola and ports located on the west coast of Africa. These agreements reflect the trust placed in us by the Ministry of Transport and the Unicargas team, and our commitment to Angola ability to contribute to economic growth plans,” he added.
Angolan Transport Minister Ricardo Viegas D´Abreu said the development of the country’s port infrastructure is a key priority in his national development plan for 2023-2027.
“The modernization of our port infrastructure is an important step for Angola to maximize the potential of our natural resources and foster economic growth for the benefit of our people,” he said.
“We are delighted to enter into a framework agreement with AD Ports Group and benefit from its established knowledge and expertise as a global maritime player,” he noted.
Mohamed Eidha Tannaf AlMenhali, Regional CEO Africa, AD Ports Group, said: “We are delighted to be part of this new joint venture to strengthen and operate the multipurpose terminal at the Port of Luanda, leveraging on the expertise we have accumulated at the Port of Luanda, the UAE and the wider UAE. area.”
“By partnering with Unicargas, we see significant opportunities to improve efficiency and increase capacity, deploying the latest innovations to improve service levels and turnaround times,” AlMenhali noted.
Joaquim Nazaré Pimentel da Piedade, Coordinator of the Unicargas Management Council, said: “Our aim is to develop a state-of-the-art multipurpose terminal that will enhance the Port of Luanda’s position as Angola’s busiest port, speed up trade flows and promote economic development and growth. We are very pleased Excited to be working with AD Ports Group, who have the technical and operational expertise to take service at the terminal to the next level.”
Angola is considered the sixth largest economy in sub-Saharan Africa with a GDP of US$74 billion.With 1,600 kilometers of Atlantic coastline, the Republic of Angola has five main ports of operation in Luanda, Cabinda, Lobito, Soyo and Namibe, ideally positioned to benefit from growing maritime trade.-TradeArabia News Service
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