Ahmedabad: Ports and logistics major, Adani Ports and SEZ Limited (APSEZ), on Thursday announced it has inked a memorandum of understanding with Abu Dhabi-based AD Ports Group for joint investments in the infrastructure sector in Tanzania. The two companies signed the key agreement, which makes way for joint investments in logistics infrastructure and solutions, including rail, maritime services, port operations, digital services, an industrial zone and setting up of maritime academies in Tanzania.
Karan Adani, chief executive officer (CEO), APSEZ, said, “We are pleased to be partnering with AD Ports Group in the development of key quality infrastructure in Tanzania especially in the ports and maritime sector.”
Captain Mohamed Juma Al Shamisi, MD and Group CEO, AD Ports Group, said, “This MoU with Adani Ports and SEZ Ltd is significant in its impact on both Tanzania’s ability to transform itself into an African trading hub, as well as our ability to further develop our global capabilities and connections that will bring goods to market faster and more efficiently.”
Start a Conversation
Post comment