Abu Dhabi Ports recently signed a new agreement with the China Council for the purpose of promoting international trade and to further explore and expand new business opportunities between Chinese companies who have shown an interest in Khalifa Industrial Zone Abu Dhabi (KIZAD) and the region’s largest free trade zone, the Khalifa Port Free Trade Zone (KPFTZ).
Executive Vice President for Corporate Support at Abu Dhabi Ports, Abdulla Al Hameli signed the Memorandum of Understanding (MoU) with Zhou Guangyao, Representative of the China Council for the Promotion of International Trade for the GCC region.
Following the signing ceremony, Abdulla Al Hameli commented, “A spirit of collaboration and the values of mutual respect and ambition have always driven our strategy at Abu Dhabi Ports. This is perhaps best demonstrated through our deepening ties with China. Last year alone, with the support and guidance from the leadership of the UAE, Abu Dhabi Ports signed a 50-year agreement with the Jiangsu province in China, bringing in AED 1.1 billion into the Khalifa Port Free Trade Zone in Abu Dhabi, the largest free zone in the region. Furthermore, COSCO Shipping, the world’s largest container operator, chose Khalifa Port as the base for its operations in the region, driving volumes higher in the upcoming period.”
“We are confident this MoU will mark yet a new turning point and anticipate new and fruitful partnerships for both our countries.”