AD Ports Group and China Machinery Engineering Group Corporation (CMEC GROUP), a state-owned key enterprise directly managed by China’s central government, have recently inked a Memorandum of Understanding (MoU) to establish a strategic cooperative relationship.
The MoU explains how the two organisations would investigate possible prospects throughout the world, with a focus on the Middle East, Central Asia, South Asia, South East Asia, East Asia, Africa, South America, and Europe.
The two sides agreed to collaborate in a variety of spheres and sectors, including global industrial and infrastructure development, finance, construction, operation, and maintenance, global economic cities and free zones development, and worldwide logistics.
The MoU will be effective for three years and will focus on achieving complementary advantages, combining resources, and developing a long-term strategic cooperative partnership of mutual benefit and trust to cooperatively expand the worldwide market.
“Our Group is committed to achieving the complementary advantages of both parties and this MoU demonstrates our strategic objectives to establishing global partnerships with leading companies, such as CMEC GROUP, that will expand our reach and share our expertise,” stated Mohamed Juma Al Shamisi, CEO and managing director of AD Ports Group.