The deal leverages the ‘Sister Ports’ agreement inked in 2021 between Shandong Port and Khalifa Port to forge a partnership and strengthen cooperation.
Under the agreement, Shandong Port Group will transport passenger vehicles from its ports in China to Autoterminal Khalifa Port, to be stored and displayed within facilities in Khalifa Economic ZonesAbu Dhabi (KEZAD). The new cooperation is established to strengthen the position of Abu Dhabi as a preferred destination for Chinese automotive industry.
Saif Al Mazrouei, CEO of Ports Cluster, AD Ports Group said: “We are pleased to be entering into this collaborative partnership with Shandong Port Group, an agreement that signifies the convergence of shared vision and mutual growth. Our agreements with Shandong Port Group underscore our commitment to fostering global connections and serving as a catalyst for economic growth."
Jia Funing, the Deputy General Manager of Shandong Port Group said: “Shandong Port Group plans to establish Middle East and North Africa regional center in the UAE, and in Abu Dhabi in 2023. By continuously improving the overseas supply chain of product exports, it will rapidly improve the overseas market competitiveness of China's tire and commercial vehicle industries, we firmly believes in reaching a higher level of cooperation with AD Ports Group in the future.”
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