A strategic partnership between Abu Dhabi Ports and the Turkish Sovereign...

A strategic partnership between Abu Dhabi Ports and the Turkish Sovereign...
A strategic partnership between Abu Dhabi Ports and the Turkish Sovereign...

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Abu Dhabi Ports Group and the Turkish Sovereign Wealth Fund signed a strategic partnership agreement to explore investment opportunities to develop and operate ports and coordinate joint efforts to study a number of investment projects in the logistics sector in Turkey, in the presence of His Highness Sheikh Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces and Rajab Tayyip Erdogan, President of the Turkish Republic.

The signing ceremony of the agreement took place in Turkey, where it was signed by Captain Mohamed Juma Al Shamsi, CEO of Abu Dhabi Ports Group, and Arada Ermit, CEO of the Turkish Sovereign Wealth Fund. Those opportunities and strengthen the relations and business ties between the two parties. The agreement consolidates the position of the Abu Dhabi Ports Group as an integrated organization operating in the ports and logistics sectors, and enhances the level of trade exchange between the United Arab Emirates and Turkey.

The group continued to expand its presence at the global level by signing a series of cooperation agreements with a number of leading institutions in Jordan, Iraq and Egypt, and was keen to employ its extensive experience in managing and operating international ports, industrial and free zones, and logistics services to support the success of these agreements.

Progress

Captain Mohamed Juma Al Shamsi, CEO of Abu Dhabi Ports Group, expressed his happiness at signing this strategic agreement with the Turkish Sovereign Wealth Fund, noting the economic progress and technological development that can be achieved thanks to this bilateral cooperation.

Al Shamsi said: “Turkey provides many excellent and attractive investment opportunities for our group, and we are confident that the Turkish Sovereign Wealth Fund will be an ideal partner for us to achieve our ambitious plans.”

He added: “This agreement falls within the framework of our group’s strategy aimed at re-imagining all aspects of the future of global trade and logistics services, pursuant to the directives of our wise leadership.”

For his part, Arada Ermit, CEO of the Turkish Sovereign Wealth Fund, expressed his happiness with the cooperation with the Abu Dhabi Ports Group, which comes within the framework of a wide range of national measures implemented by Turkey to enhance the performance of the trade, maritime and logistics sectors.

Ermitt said: “Turkey has a number of port facilities of international standards, and there is no doubt that our cooperation with the Abu Dhabi Ports Group will enhance our ability to develop these facilities and infrastructure and improve their quality, in addition to raising the level of services provided through them.”

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