Ports Group to collaborate on major investment opportunities within Turkey
In the presence of HH Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, and President Recep Tayyip Erdogan, AD Ports Group and Turkey’s Sovereign Wealth Fund Turkiye Varlik Fonu recently signed a strategic partnership agreement to collaborate on major investment opportunities for port development and operations, and to coordinate efforts to examine other logistics-related investment projects within Turkey, it was revealed in a press communiqué.
The agreement was signed by Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group, and Salim Arda Ermut, CEO, Turkiye Varlik Fonu.
The agreement will strengthen AD Ports Group position as a leading integrated ports and logistics entity in the region and will increase trade between the UAE and Turkey.
“This long-term agreement factors into our global strategy to reimagine world trade and logistics, under the guidance of our wise leadership,” observed Al Shamsi. “Turkey has a number of world class port assets, and collaboration with AD Ports Group will help raise the range of services and quality of infrastructure to the next level,” commented Ermut.