AD Ports Group, the leading global facilitator of trade, logistics, and industry, and China Machinery Engineering Group Corporation (CMEC GROUP), a state-owned key enterprise directly managed by the central government of China, have partnered to enhance strategic cooperation in exploring potential 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 agreement will be valid for a period of three years and will focus on achieving complementary advantages, sharing resources, establishing a long-term strategic cooperative relationship of mutual benefit and trust, to jointly expand the global market.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “Establishing global partnerships with leading companies, such as CMEC GROUP, aligns with our strategy to expand our reach and share our expertise with industry peers to drive economic growth and facilitate global trade. We are looking forward to working with CMEC Group to explore potential opportunities globally in line with the vision and directions of our wise leadership.”
Wang Bo, Chairman of the Board of Directors for China Machinery Engineering Group Corporation, said: “We are delighted to partner with AD Ports Group to cooperate on strategic projects within a range of industries globally. This partnership will enable us to leverage our extensive experience in nearly 100 countries and regions, combined with AD Ports Group's capabilities, rapidly expanding network and significant resources, to expand development space, and create a better future for all.”
The cooperation between AD Ports Group and CMEC GROUP will lead to the growth of business networks and resources, and the two parties will provide comprehensive solutions and services to each other’s projects as per requirements, including, but not limited to, survey, design, building, operation and maintenance.
China is among the UAE’s top commercial partners, with bilateral commerce between China and the UAE exceeding AED 235 billion during the first eight months of 2022, an increase of nearly 28% for the same period in 2021. Additionally, around 6,000 Chinese businesses currently operate in the UAE, with a sizable Chinese population working primarily in the infrastructure and energy sectors.
AD Ports Group and CMEC GROUP's collaboration marks a significant opportunity for the global industry and infrastructure development to capitalise on the predicted further growth of China-UAE trade, with both companies poised to bring in a new era of innovation and prosperity to the regions they operate in.