Latest news with #tradehub
Zawya
a day ago
- Business
- Zawya
AD Ports, Emirates Food Industries in deal to set up $544mln industrial complex
AD Ports Group, a global enabler of integrated trade, transport and logistics solutions, has announced that it has signed a 50-year land lease agreement with Emirates Food Industries, a member of the National Holding Group. This strategic collaboration will initially see the development of silos at Khalifa Port's South Quay, further enhancing the port's capabilities, reinforcing its position as a premier logistics and trade hub in the region, and strengthening the country's food security by increasing storage capacity for strategic food commodities. Later stages of the project also anticipate the related launch of an advanced grain processing plant, ultimately seeing a fully integrated industrial complex featuring cutting-edge facilities for processing and storing various types of grains, valued at AED2 billion ($544 million). Lauding the strategic collaboration, Saif Al Mazrouei, CEO of Ports Cluster-AD Ports Group, said: "This 50-year agreement with Emirates Food Industries Group marks a significant step in our ongoing commitment to support the UAE's food security ambitions." "By providing access to our advanced infrastructure and integrated logistics solutions, we are creating a robust platform that will enhance the efficiency and resilience of the nation's food supply chain," he stated. According to him, the initiative aims to establish a modern and sustainable complex with advanced capabilities for grain storage and processing supported by the latest industrial and operational technologies, this collaboration highlights the commitment of both parties to align with the UAE's resilient vision to ensure strategic grain reserves and sustainable national food supply chains. With a robust and stable infrastructure, the complex will enable agile responses to shifting market demands and supply chain dynamics, stated Al Mazrouei. The 100,000 sq m facility is planned to have a storage capacity of 150,000MT, he added. The leased plot is strategically located within Khalifa Port, to provide direct access to deep-water berths which can accommodate full load panamax. Emirates Food Industries Group CEO Joseph Abdo said: "This project represents a transformative step in significantly enhancing and advancing our industrial and operational capabilities in the food sector. Our long-term collaboration with AD Ports Group is a strategic imperative, which will contribute directly to the UAE's food security objectives." "The access to Khalifa Port's world-class facilities will enable us to optimise our supply chain, expand our storage capacity, and ensure a consistent flow of essential food products to meet the growing regional demand," he added.' Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
AD Ports Group signs 50-year land lease agreement at Khalifa Port with Emirates Food Industries Group
AD Ports Group has signed a 50-year land lease agreement with Emirates Food Industries, a member of the National Holding Group. This strategic collaboration will initially see the development of state-of-the-art silos at Khalifa Port's South Quay, further enhancing the port's capabilities, reinforcing its position as a premier logistics and trade hub in the region, and strengthening the country's food security by increasing storage capacity for strategic food commodities. Later stages of the project also anticipate the related launch of an advanced grain processing plant, ultimately seeing a fully integrated industrial complex featuring cutting-edge facilities for processing and storing various types of grains, valued at AED2 billion. Saif Al Mazrouei, Chief Executive Officer, Ports Cluster-AD Ports Group, commented on the agreement, 'This 50-year agreement with Emirates Food Industries Group marks a significant step in our ongoing commitment to support the UAE's food security ambitions. By providing access to our advanced infrastructure and integrated logistics solutions, we are creating a robust platform that will enhance the efficiency and resilience of the nation's food supply chain.' Joseph Abdo, Chief Executive Officer, Emirates Food Industries Group said, 'This project represents a transformative step in significantly enhancing and advancing our industrial and operational capabilities in the food sector. Our long-term collaboration with AD Ports Group is a strategic imperative, which will contribute directly to the UAE's food security objectives. The access to Khalifa Port's world-class facilities will enable us to optimise our supply chain, expand our storage capacity, and ensure a consistent flow of essential food products to meet the growing regional demand.' The initiative aims to establish a modern and sustainable complex with advanced capabilities for grain storage and processing supported by the latest state-of-the-art industrial and operational technologies, this collaboration highlights the commitment of both parties to align with the UAE's resilient vision to ensure strategic grain reserves and sustainable national food supply chains. With a robust and stable infrastructure, the complex will enable agile responses to shifting market demands and supply chain dynamics. The 100,000 m2 facility is planned to have a storage capacity of approximately 150,000 Metric Tonnes. The leased plot is strategically located within Khalifa Port, to provide direct access to deep-water berths which can accommodate full load panamax.
South China Morning Post
22-07-2025
- Business
- South China Morning Post
China's new economic frontiers
Suez Canal on rails? How this Chinese city wants to revolutionise global trade The metropolis is already a rail-powered gateway to foreign markets – now, it wants to go one step further.
Khaleej Times
13-07-2025
- Business
- Khaleej Times
UAE: DP World to upgrade, operate Syria's Port of Tartus in $800-million, 30-year deal
DP World has signed a landmark 30-year concession agreement with Syria's General Authority for Land and Sea Ports to develop and operate the Port of Tartus. The signing ceremony took place in the presence of Syrian President Ahmed Al-Sharaa. Under the deal, DP World will invest $800 million throughout the concession period to upgrade the port's infrastructure, aiming to transform it into a major regional trade hub. The enhanced Port of Tartus will serve as a key gateway linking Southern Europe, the Middle East, and North Africa, boosting connectivity and regional commerce. "This agreement marks an important step forward for the Port of Tartus and Syria's maritime sector," said Qutaiba Ahmed Badawi, chairman of Syria's General Authority for Land and Maritime Ports. "Partnering with DP World will allow us to modernise and strengthen the efficiency of our trade infrastructure as we continue to rebuild key trade lanes, support the national economy, and provide more opportunities for the Syrian people," he added. Meanwhile, Sultan Ahmed bin Sulayem, chairman and Group CEO of DP World, said that they see strong potential in Tartus to serve as a vital trade gateway. "(We) look forward to strengthening regional connectivity and economic opportunity through this investment. We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region," said Sultan. The agreement follows a memorandum of understanding (MoU) signed on May 16 between the two sides after the lifting of US sanctions paved the way for the investment. The MoU outlined plans to develop, manage, and operate a multi-purpose terminal at Tartus, with cooperation on establishing industrial and free trade zones. DP World is a subsidiary of the UAE investment company Dubai World. Syria is seeking to attract foreign investments to boost its struggling economy, and the deal was signed in the same week that US President Donald Trump announced plans to lift of sanctions on Syria during a visit to Riyadh.
Arab News
12-07-2025
- Business
- Arab News
Pakistan plans to launch transshipment operations between Gwadar and Gulf region
ISLAMABAD: The Pakistani government is actively engaging private shipping liners to commence transshipment operations between Gwadar and the Gulf region, Pakistani state media reported on Friday. The statement came from officials at a high-level meeting of the Cabinet Committee on Gwadar Port operationalization, which was presided over by Planning Minister Ahsan Iqbal. Maritime officials informed the participants that initial cargo categories will include minerals, dates, seafood, and cement, targeting sectors such as mining, fisheries, and processing industries. Iqbal said Gwadar's geostrategic position as the shortest trade route to the Gulf and Central Asia highlighted the port's potential as a regional transshipment hub, the Radio Pakistan broadcaster reported. 'Iqbal emphasized the need to showcase Gwadar Port in international road-shows as a strategic trade hub linking the Gulf and Central Asia,' the report read. 'He directed stakeholders to promote the port's cost-effective trade routes and available incentives for international businesses.' Gwadar, situated along the Arabian Sea, lies at the heart of the China-Pakistan Economic Corridor (CPEC), under which Beijing has funneled tens of billions of dollars into massive transport, energy and infrastructure projects in Pakistan. Pakistan, slowly recovering from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) deal, has been looking to capitalize on its geostrategic location to boost transit trade and foreign investment for a sustainable economic recovery. The country plans to cut container dwell time at its seaports by up to 70 percent to improve trade competitiveness and ease congestion, while it last month reduced port charges for exporters by 50 percent at the country's second biggest Port Qasim.
