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AD Ports Group, Saif Powertec to explore Bangladesh port projects

AD Ports Group and Dhaka’s Saif Powertec Ltd. have signed a Memorandum of Understanding (MoU) to develop projects in various ports in Bangladesh.

Michele Labrut, Americas Correspondent

July 1, 2024

1 Min Read
AD PORTS  BANGLADESH
AD Ports

The parties have agreed will explore working closely together to conduct joint activities and explore working on the development of ports, container depots and logistics facilities in Chattogram, Mongla, and Dhaka, and will establish a joint working group to share expertise, studies, strategies, technical assistance, and the implementation of joint activities.

“This co-operation highlights our ongoing commitment to unlocking fresh opportunities globally. Working alongside Saif Powertec Ltd. will provide a greater platform for us to offer our world-class services and experience on various projects in Bangladesh,” said Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.

“The signing of this MoU further enhances the Group’s presence in Bangladesh and South Asia as we continue to grow and develop the close relationships we have built over the years in line with the vision of our wise leadership,” he added.

Tarafder Md Ruhul Amin from Saif Powertec Ltd. said: “we continue our ongoing partnership with AD Ports Group, which could lead us to work together on big projects in Bangladesh…The MoU is yet another indicator of the strength of the relationship between Saif Powertec Ltd. and AD Ports Group and we’re looking forward to collaborating for many years to come.”

Related:AD Ports to explore Madagascar maritime development under MoU

“AD Ports Group brings a wealth of experience and know-how to the table when it comes to our industry, so teaming up with them to continue to grow our operations in Bangladesh makes total sense for us,”said Amin.

Last month, AD Ports Group signed a Memorandum of Understanding (MoU) with the Chittagong Port Authority to discuss the future development and management of the Multi-Purpose Port in Bangladesh.

The MoU was signed by Ahmed Al Mutawa, Regional CEO, AD Ports Group, and Tarafder Md Ruhul Amin, Managing Director of Saif Powertec Ltd.

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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