Abu Dhabi-based leading logistics, industry, and trade facilitator, AD Ports Group has signed a preliminary agreement with India’s Adani Ports in order to explore joint investment opportunities in Tanzania.
AD Ports said in a statement that the two companies will collaborate on potential end-to-end logistics infrastructure and solutions, which include services for rail, maritime, port operations, digital services, and an industrial zone.
According to the company, “The move is part of a flurry of agreements the Abu Dhabi company has signed to expand its international presence.”
“This MoU with Adani Ports and SEZ Ltd is significant in its impact on both Tanzania’s ability to transform itself into an African trading hub, as well as our ability to further develop our global capabilities and connections that will bring goods to market faster and more efficiently. Our strategic investment in Tanzania in infrastructure and solutions will enable international companies to enter African markets. In line with the direction of the UAE’s leadership, we are positioning Abu Dhabi as a global leader in logistics and industry.”
Mr. Karan Adani, CEO of Adani Ports and SEZ Ltd, said that, “We are pleased to be partnering with AD Ports Group in the development of key quality infrastructure in Tanzania, especially in the ports and maritime sector, which will improve and bring about positive change in the communities, standing by our commitment to growth with goodness.”
“We continue to support local employment, as well as general economic growth in Tanzania and East African countries that will benefit from our investments through the collaboration with AD Ports Group,” Mr. Adani further added.
Earlier this month, AD Ports Group signed a Memorandum of Understanding (MoU) with Hutchison Ports to explore joint investment opportunities to boost Tanzania’s logistics sector.