AD Ports and Vietnam Maritime Administration ink cooperation agreement

ABU DHABI : AD Ports Group and Vietnam Maritime Administration (VINAMARINE) have formally signed a Memorandum of Understanding (MoU).

This collaboration, endorsed by Vietnam’s Prime Minister Pham Minh Chinh and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi establishes a partnership spanning ports, logistics, digital solutions, economic cities, free zones, and maritime and shipping.

The agreement outlines key areas of cooperation, emphasizing the development and management of dry ports, inland container depots, advanced logistics operations, and digital solutions to enhance the global maritime and shipping sectors. The collaborative efforts also extend to exploring additional projects in economic cities and free zones.

This partnership reflects the synergies between AD Ports Group’s expertise in developing world-class ports and logistics infrastructure and VINAMARINE’s commitment to propelling growth in Vietnam’s maritime sector.

The MoU encompasses various initiatives aimed at leveraging each party’s strengths, fostering technological exchange, and promoting sustainable economic growth in both the United Arab Emirates and Vietnam.

“This MoU with VINAMARINE marks another milestone in our journey towards international collaboration, while also supporting the UAE’s wise leadership’s efforts to expand the network of trade partners and build new partnerships with global strategic markets,” stated Mohamed Eidha Al Menhali, Regional CEO, of AD Ports Group.

To facilitate the implementation of these initiatives, a joint working group will be established, focusing on the development of projects, investments, and opportunities in the agreed-upon areas of cooperation.

Mohamed Eidha Al Menhali added, “Both countries have expressed their desire to enhance cooperation and enable new avenues for the private sector in various economic and trade sectors, which is in line with the ‘We the UAE 2031’ vision aimed at increasing the country’s non-oil exports to US$217 billion and raising the value of UAE foreign trade to US$1.09 trillion.”