Latest news with #ADPorts
Arabian Post
12-07-2025
- Business
- Arabian Post
GulfLink Launches to Reinforce Eurasian Trade Artery
Arabian Post Staff -Dubai AD Ports Group has initiated operations of GulfLink Ltd, entering a strategic logistics partnership with KTZ Express, the freight arm of Kazakhstan Temir Zholy. This joint venture—51 percent owned by AD Ports and 49 percent by KTZ Express—is designed to enhance connectivity along the Middle Corridor, establishing a vital multimodal supply link between Asia and Europe. The first shipments through GulfLink began under the leadership of regional CEO Abdulaziz Zayed AlShamsi, who described the venture as 'a key link in our strategy to upgrade the Middle Corridor route through Central Asia into a major, commercial East‑West trade artery linking consumers and manufacturers in Asia and Europe'. General Director Damir Kozhakhmetov emphasised that GulfLink delivers 'a new level of unique, end‑to‑end connectivity for Kazakhstan regionally and globally'. ADVERTISEMENT Kazakhstan, where rail accounts for approximately 70 percent of freight transit over its 16,000 km network, is central to this development. GulfLink will bolster supply chains by integrating Kazakhstan's rail infrastructure with routes through Pakistan, Türkiye, the Arabian Gulf and the Indian subcontinent. As part of AD Ports's commitment, over US $775 million is earmarked for logistics infrastructure in Kazakhstan. Planned investments include a grain terminal and a multipurpose facility at Kuryk Port, aimed at complementing GulfLink's multimodal ambitions. The network also encompasses partnerships in Uzbekistan, and facilities on the Black and Caspian Seas via collaboration with KazMorTransFlot. Industry analysts say GulfLink could significantly reduce China‑to‑Europe transit times. AGBI reports that the route will 'cut China‑Europe transit time' by providing direct regional connectivity and bypassing the longer northern rail corridors. This enhancement aligns with global supply chain trends that favour diversification and damper dependency on any single corridor. CEO Kamal Huseynov stated that GulfLink plans to offer 'value added to customers through our relationships, the logistics resources of our shareholders, and our commitment to efficiency, innovation, seamless supply chains and optimised trade'. The venture seeks to become the operating hub for integrated rail, road, sea and air transport in Central Asia. Reactions from regional stakeholders suggest that GulfLink's launch may mark a turning point in Eurasian logistics. The joint venture is seen as vital in realising the potential of the Trans‑Caspian International Transport Route—an alternative to the traditional northern rail line through Russia—and is projected to attract new trade volumes via diversified pathways. AD Ports's existing regional presence includes a food logistics hub in Uzbekistan and maritime assets in Türkiye and Pakistan. GulfLink's launch reinforces these assets by contributing to a cohesive network serving Europe, Central Asia and South Asia. Multimodal trade experts suggest that the GulfLink project addresses a growing appetite among manufacturers and shippers for more resilient and politically diversified supply channels. With geopolitical uncertainties persisting along certain northern corridors, the Middle Corridor's expansion could offer a strategically advantageous and timely alternative. The operational phase of GulfLink has commenced with pilot shipments underway, signalling the beginning of active corridor use. AD Ports and KTZ Express intend to progressively scale the venture, adding capacity, routing regularity and service coverage over the coming months. As GulfLink gains momentum, its success will depend on coordinated infrastructure roll‑out, regulatory alignment across transit jurisdictions, and competitive transit times compared with existing corridors. Analysts agree the venture marks a significant step toward reshaping logistics flows across Eurasia, affirming Kazakhstan's growing prominence as a logistics hub and AD Ports Group's strategy to establish itself as a global trade infrastructure enabler.
Zawya
16-06-2025
- Business
- Zawya
AD Ports, Bahrain's ASRY join forces to support maritime sector in GCC
Abu Dhabi – Abu Dhabi Ports Company (AD Ports) inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY)for strategic maritime and ports projects. The two parties seek to set up a joint venture (JV) that manages drydock facilities and shipyards, according to a press release. It aims to improve dry docking and shipbuilding capabilities within the GCC region and explore opportunities in other regions. Both sides penned a second HoT with JM Baxi, an India-based well-established business specializing in marine services, ports, logistics, and technology, to create green ship recycling facilities. This agreement aims at promoting a circular economy by repurposing parts and minimizing waste, which contributes to cutting carbon emissions. AD Ports and ASRY signed a final deal to explore joint investment opportunities within ports and terminals. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports, commented: 'Exploring opportunities to establish green ship recycling facilities is also very important for us, ensuring that vessels are retired in a safe and environmentally responsible manner.' Ahmed Al Abri, CEO of ASRY, said: "By combining our shared expertise and advanced infrastructure, and in line with global shifts in the maritime industry, we aim to strengthen our capabilities in dry-docking and shipbuilding across the GCC and beyond. ' 'We also look forward to developing green ship recycling capacities and entering a vital new field in port management and operation,' Al Abri highlighted. The new agreements bolster the two parties' maritime capabilities and reach, driving commitment to sustainability and industry growth. This move follows the establishment of ASRY Marine, a joint venture (JV) between Noatum Maritime, part of the ADX-listed group's Maritime and Shipping Cluster, and ASRY. In the first quarter (Q1) of 2025, AD Ports recorded 16% year-on-year (YoY) higher net profits at AED 463.50 million, compared to AED 400.13 million.
Arab News
17-05-2025
- Business
- Arab News
Envoy shares potential of Pakistan freight corridors, ports for regional connectivity at Dubai event
ISLAMABAD: Pakistan's Envoy to the United Arab Emirates (UAE) Ambassador Faisal Niaz Tirmizi has underscored Pakistan's freight corridors, port projects at a global logistics conference in Dubai, saying the South Asian has the potential to become a crucial hub for regional trade, transport and economic cooperation. Ambassador Tirmizi said this while delivering a keynote address at the 12th Global Logistics Alliance (GLA) conference in Dubai, according to Pakistan's Press Information Department (PID). The three-day event, running from May 15 till May 18, has brought together over 2,000 industry leaders, experts and potential partners from 130 countries to network, acquire knowledge and explore opportunities in the logistics sector. In his speech, Ambassador Tirmizi highlighted Pakistan's strategic location at the crossroads of South Asia, Central Asia and West Asia as well as the Middle East. 'Pakistan is poised to become a vital corridor of connectivity and cooperation across the region,' he said, lauding the UAE-based firms DP World and AD Ports for their investments in freight corridors and port development projects in Pakistan. The development comes as Pakistan strives to boost trade and overseas investment amid a gradually healing macroeconomic environment after a prolonged downturn that forced Islamabad to seek external financing from friendly nations and multiple loan programs with the International Monetary Fund (IMF). The Pakistani government has pursued aggressive economic diplomacy in recent years, signing several agreements and memoranda of understanding with countries in Central Asia and the Middle East. In her remarks, GLA President Grace Sun emphasized the importance of the event in creating new business synergies and accelerating global logistics collaboration. On the sidelines of the conference, Ambassador Tirmizi and Sun discussed the potential of organizing a regional networking conference in Pakistan under the GLA framework, with a focus on engagement from South and Central Asian logistics stakeholders, according to the PID. Ambassador Tirmizi reaffirmed Pakistan's commitment to working with international partners to develop 'smart, efficient, and sustainable logistics infrastructure,' particularly through transformational initiatives like the China-Pakistan Economic Corridor (CPEC).
Zawya
12-05-2025
- Business
- Zawya
Egypt: Breaking Down the SCZone-AD Ports Deal
The SCZone: Egypt's Gateway to Investment and Growth Recently, the Egyptian Cabinet announced a landmark agreement between the General Authority for the Suez Canal Economic Zone (SCZone) and Abu Dhabi Ports (AD Ports) to develop and manage the KEZAD logistics and industrial zone within East Port Said. However, the announcement sparked confusion among some of the Egyptian public, who mistakenly believed that AD Ports would be managing the Suez Canal itself. The agreement grants AD Ports a renewable 50-year usufruct to develop an integrated economic and logistics model within the proposed industrial zone in East Port Said on an area of 20 square kilometers (km 2). AD Ports will develop, construct, finance, operate, and manage the industrial and logistics zone of KEZAD in multiple phases. The focus in the near term will be on completing the first phase, which will cover an area of 2.8 km 2. A total investment of $120 million will be allocated for relevant market and technical studies, as well as for the development of the first phase over the next three years. Construction of the first phase is scheduled to begin by the end of 2025. The Egyptian state has prioritized the SCZone as a key driver of economic development, working to enhance its appeal to local and foreign investors by improving infrastructure, digital services, and creating a competitive, eco-friendly business environment. Established by presidential decree issued in August 2015, the SCZone, spans 455 million m 2, including six seaports and four industrial zones. As of December 2024, the zone hosts 14 industrial developers and provides 100,000 job opportunities. Revenues from the SCZone have nearly tripled, compared to fiscal year (FY) 2016/2017, reaching EGP 8.2 billion in FY2023/2024, 72% of which were dollar-denominated. Between 2022 and January 2025, the total investments in approved industrial, service, logistics projects amounted to approximately $8.081 billion across 255 projects. Moreover, the total number of companies established within the SCZone has reached 366. During the past three years, 130 factories have been established in the SCZone. Moreover, 120 factories are under construction in 2025. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
TimesLIVE
05-05-2025
- Business
- TimesLIVE
Egypt signs deal with UAE's AD Ports to set up logistics zone
Egypt's Suez Canal Economic Zone has signed a 50-year concession deal with the United Arab Emirates' Abu Dhabi Ports (AD Ports) Group to set up a 20km 2 logistics and industrial zone east of Port Said, AD Ports' managing director said in a televised address on Sunday. AD Ports has committed $120m (R2.20bn) for initial development and feasibility studies in the first phase, which covers an area of 2.8km 2 to be developed over three years. It will include a 1.5km quay, potentially featuring a multipurpose cargo terminal, according to a cabinet statement. The agreement is the latest in a series of investments by AD Ports in Egypt's maritime and logistics infrastructure. Over the last three years, AD Ports acquired Egyptian maritime companies Transmar, TCI, and Safina AD Ports has also signed long-term concessions to develop and operate cruise terminals at the Red Sea ports of Safaga, Hurghada, Al Sokhna and Sharm El-Sheikh, and to build and operate a multipurpose port in Safaga and a Ro-Ro terminal in Al Sokhna.
