Partnership in End-to-End Logistics Solutions and Infrastructure to Boost Trade for the East African Nation

Adani Ports and Special Economic Zone Ltd and AD Ports Group of Abu Dhabi have signed a memorandum of understanding for strategic cooperative ventures in Tanzania.

The largest integrated port and logistics company in India, Adani Ports and SEZ Ltd, and AD Ports Group, the leading facilitator of international trade, logistics, and industry, have signed a Memorandum of Understanding (MoU) for strategic joint investments in end-to-end logistics infrastructure and solutions, including rail, maritime services, port operations, digital services, an industrial zone, and the establishment of maritime academies in Tanzania.

The major agreement was signed by the two corporations, and it launched a series of possible national-level investments to develop, enhance, and promote an end-to-end marine and logistics ecosystem that would turn Tanzania into an African centre.

'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,' said Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.

'International businesses will be able to penetrate African markets thanks to our strategic investment in Tanzania's infrastructure and solutions. We are putting Abu Dhabi on the map as a worldwide leader in logistics and business, in keeping with the path taken by the government of the UAE.'

'We are pleased to be partnering with AD Ports Group in the development of key quality infrastructure in Tanzania, particularly in the ports and maritime sector, which will improve and bring about positive change in the communities, standing by our commitment to growth with goodness,' said Karan Adani, CEO of Adani Ports and SEZ Ltd. Through our partnership with AD Ports Group, we continue to assist both local employment and overall economic growth in Tanzania and other East African nations that will gain from our investments.