AD Ports signs deal to develop and operate port in Bangladesh – Gulf Today

  • Date: 16-May-2024
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  • Sector:Industrial
  • Country:UAE
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AD Ports signs deal to develop and operate port in Bangladesh – Gulf Today

Top officials during the signing ceremony on Thursday.

AD Ports Group, a leading facilitator of global trade, logistics and industry, on Thursday signed a Memorandum of Understanding (MoU) with the Chittagong Port Authority to explore the future development and operation of the Multi-Purpose Port in Chittagong Port and other ancillary opportunities in Bangladesh.

The MoU was signed by Rear Admiral Mohammad Sohail, Chairman of Chittagong Port Authority, and Ahmed Al Mutawa, Regional CEO, AD Ports Group, in the presence of Abdullah Ali Al Hammoudi, UAE Ambassador to Bangladesh, Khalid Mahmud Chowdhury, MP, Minister of State for Shipping, and Md. Mostafa Kamal, Senior Secretary, Ministry of Shipping – Government of the People’s Republic of Bangladesh.

Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority, said, “The Multi-Purpose Port in Chittagong is a priority for the Government of Bangladesh. It will be a game changer for the regional economy in general and Bangladesh economy in particular. We are pleased to collaborate with AD Ports Group on the development of this vital project, leveraging their expertise and capabilities as a global trade and logistics player. We hope that this MoU will pave the way for further cooperation that will attract more foreign direct investments to