Bühler GmbHPort of South LouisianaPort of StocktonTelestackVan AalstGeneva Dry
  • Port of Stockton
  • Van Aalst
  • Bühler GmbH
  • Geneva Dry
  • Cimbria
  • Vigan

AD Ports to develop Chittagong Port

 AD Ports to develop Chittagong Port

(Posted on 22/05/24)

AD Ports Group, a leading facilitator of global trade, logistics and industry, has signed a MoU with the Chittagong Port Authority to explore the future development and operation of the Multi-Purpose Port in Chittagong Port and other ancillary opportunities in Bangladesh.

The MoU was signed in presence of H.E. Abdulla AlHmoudi, UAE Ambassador, Head of the UAE Mission to Bangladesh and Mr. Khalid Mahmud Chowdhury, MP, Honourable Minister of State, Mr. Md. Mostafa Kamal, Senior Secretary, Ministry of Shipping – Government of the People’s Republic of Bangladesh, by Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority and Ahmed Al Mutawa, Regional CEO, AD Ports Group.

Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority, said: “The Multi-Purpose Port in Chittagong is a priority for the Government of Bangladesh. It will be a game changer for the regional economy in general and Bangladesh economy in particular. We are pleased to collaborate with AD Ports Group on the development of this vital project, leveraging their expertise and capabilities as a global trade and logistics player. We hope that this MoU will pave the way for further cooperation that will attract more foreign direct investments to Bangladesh.”

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “We are excited to explore the development and operation of the Multi-Purpose Port  and other ancillary opportunities in Chittagong, the main seaport of Bangladesh, and look forward to leveraging our experience and capabilities to assist our partners in addressing increased trade volumes in one of the fastest growing economies in South-East Asia, guided by the vision of our wise leadership.”

It's pertinent to note that over 90% of Bangladesh’s international trade is conducted through the ports of Chittagong, furthermore Bangladesh’s seaports are an integral part of the multimodal network that links the republic to the hinterland, in addition to providing sea access for the landlocked Himalayan countries Nepal, Bhutan and India’s Northeast region.

Both nations have celebrated 50 years of bilateral ties earlier in March this year, with ongoing talks to ink a Comprehensive Economic Partnership (CEPA) aimed towards enhancing economic cooperation and opening new avenues for trade and investment, the MoU signed between AD Ports Group and the Chittagong Port Authority is aligned with the aforementioned efforts.

The UAE is considered Bangladesh’s second-largest remittance source, a leading trading partner with a significant base of investment for Bangladesh, the volume of non-oil trade exchanges between the two countries exceeds USD 2 billion.

Operating several clusters including Digital, Economic Cities & Free Zones, Logistics, Maritime & Shipping, and Ports, AD Ports Group’s portfolio comprises 27 terminals, with a presence in over 40 countries, and more than 550 square kilometres of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East. 

Latest News

Humber Freeport makes new home in historic trade centre

(Posted on 07/06/24)

Associated British Ports (ABP) has announced that the Humber Freeport Company has located its headquarters... Read more


Partnership for Lake Ontario short sea shipping corridor with USA

(Posted on 07/06/24)

The Hamilton Oshawa Port Authority (HOPA Ports) has announced an agreement with an affiliate of Beowulf... Read more


Stockholm and Baltic ports seek funds for Ukrainian cooperation

(Posted on 01/06/24)

Ports of Stockholm, together with Odessa headquartered law firm Interlegal and the Baltic Ports Organization... Read more


German and Lithuanian ports working together

(Posted on 31/05/24)

Co-operation in the maritime industry between Lithuania and Germany continues to grow. This is one of... Read more


New collaboration on Flemish seaport circular economy impact

(Posted on 28/05/24)

The Vrije Universiteit Brussel (VUB) has launches a new chair in collaboration with Circular Flanders... Read more


AD Ports launches Maritime Sustainability Research Centre

(Posted on 28/05/24)

AD Ports Group, a leading facilitator of global trade, logistics and industry, based in Abu Dhabi, has... Read more


250 hectares available for new industrial activities on HAROPA Port land

(Posted on 22/05/24)

The “France 2030 Turnkey Sites” scheme announced in May 2023 by the French government has... Read more


Centre of Expertise in Port Logistics launched in Quebec

(Posted on 15/05/24)

The Centre of Expertise in Port Logistics has been launched in Canada at the 4th Assises québ... Read more


Antwerp-Bruges launches world's first methanol-powered tugboat

(Posted on 15/05/24)

The Port of Antwerp-Bruges has presented a world premier: the Methatug. This tugboat, which runs on... Read more


Associated Terminals announces the acquisition of S.H. Bell

(Posted on 10/05/24)

Associated Terminals, a leading provider of stevedoring and marine services, specializing in bulk cargo... Read more


CimbriaTMS Awards 2023Sailors SocietyTBA GroupVigan
  • Telestack
  • TBA Group
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping