UAE group pledges over $2 billion in direct investment in Pakistan

KARACHI – A high-level delegation from the United Arab Emirates (UAE) visited Karachi and met with Union Maritime Affairs Minister Faisal Sabzwari to sign a strategic Memorandum of Understanding (MoU) that will The total investment will exceed US$ 2 billion foreign direct investment into Pakistan. The Abu Dhabi Ports (AD Ports) delegation was led by Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group, and his senior team. AD Ports has committed to invest in port infrastructure, special economic zones, freight railways and inland ports with a total investment of over US$2 billion as foreign direct investment in Pakistan.

AD Ports Group is a UAE government-owned entity and a leading ocean freight and logistics provider in the Middle East. By signing a Memorandum of Understanding (MoU) with the Karachi Port Trust (KPT), the group has taken an important step in strengthening regional connectivity and boosting Pakistan’s economic growth. The MoU paves the way for enhanced bilateral cooperation and increased efforts in the development, expansion and digitization of Pakistani port projects. The MoU signed between Abu Dhabi Ports and Karachi Port Trust represents a shared vision to drive sustainable growth, facilitate trade diversification and strengthen bilateral relations between the UAE and Pakistan. The collaboration includes a wide range of initiatives and projects aimed at strengthening port infrastructure, optimizing operational efficiency and embracing digitalisation. The Group will also attract foreign direct investment and use its technical expertise to conduct feasibility studies and analysis to ensure the commercial success of the project. Captain Mohamed Juma Al Shamisi, Chief Executive Officer and Managing Director of AD Ports Group, said: “Our aim is to leverage our Group’s extensive experience and strong relationships with major shipping lines to transform Karachi Port’s container terminal into a hub for transhipment and import cargo. major hub. and export cargo. In line with our wise leadership’s vision for economic diversification, we expect this collaboration to advance Karachi Port as a global trade hub and reinforce its importance as a key player in the trade and maritime industry, further stimulating An economically prosperous region for the Port of Karachi.” The chairman of KPT said: “This partnership with Abu Dhabi Ports is a major milestone for the Karachi Port Trust. Unlocking unprecedented opportunities for growth in our trading community. Together, we will build the Port of Karachi into a world-class maritime hub that can effectively meet the demands of the changing global trade landscape.”