UAE’s AD Ports Group, Chinese CMEC GROUP sign MoU to establish strategic cooperative relationship

UAE’s AD Ports Group, Chinese CMEC GROUP sign MoU to establish strategic cooperative relationship

AD Ports Group and China Machinery Engineering Group Corporation (CMEC GROUP), a state-owned key enterprise directly managed by the central government of China, have recently signed a Memorandum of Understanding (MoU) to establish a strategic cooperative relationship.

The MoU details how the two companies will explore opportunities globally, particularly in the Middle East, Central Asia, South Asia, South East Asia, East Asia, Africa, South America, and Europe.

Under the agreement, the two parties will cooperate within various fields and sectors, including global industry and infrastructure development, financing, building, operation, and maintenance, global economic cities and free zones development, and global logistics.

The MoU will be valid for three years and will focus on achieving complementary advantages, sharing resources, and establishing a long-term strategic cooperative relationship of mutual benefit and trust, to jointly expand the global market.

Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group, stated, “We are looking forward to working with CMEC Group to explore potential opportunities globally. Our Group is committed to achieving both parties’ complementary advantages. This MoU demonstrates our strategic objectives to establish global partnerships with leading companies, such as CMEC GROUP, to expand our reach and share our expertise. In line with the vision