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Ravian International Agencies Pakistan > News > Air Freight > AD Ports Signs MoU with Pakistan BOI for Karachi Port industrial zone

AD Ports Signs MoU with Pakistan BOI for Karachi Port industrial zone

14
Mar
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AD Ports Group has Signed a Memorandum of Understanding (MoU) with the Pakistan Board of Investment (BOI) to explore developing an industrial zone near Karachi Port and Port Qasim to Facilitate trade and economic activity.

The Group also announced the separate signings of three other agreements bringing to bear the full economic weight of its five business cluster structure of ports , economic cities and free zones, maritime and shipping, logistics, and digital services. 

Redevelopment of the Port of Karachi, Pakistan’s main port with overland connections into Central Asia, will further develop the “Middle Corridor” into a modern and cost-efficient maritime sea route, reports London’s Port Technology International.

The new signings commit AD Ports Group to working with Pakistani partners to explore the posibility of establishing an industrial zone for industrial and commercial businesses near Karachi and Qasim Ports and to providing integrated end-to-end logistics solutions over air, ocean, and inland transport, including warehousing and distribution, to dramatically improve Pakistan’s inland trade corridors into Central Asia.

The three agreements signed on February 27 include one between AD Ports Group’s Maqta Technologies and Pakistan’s PSW to explore strengthening Pakistan Single Window systems through collaboration with Pakistan Customs Services to modernise select borders and analyse cross-borders systems.

The second is a strategic partnership agreement between AD Ports Group and Bahria Foundation, a Pakistani diversified conglomerate engaged in industrial, commercial, and development activities, will enhance the productivity of dredging, marine services, and vessel pooling at Karachi Port.

The third agreement is also a strategic partnership agreement between the Group’s Noatum Logistics and KGTL, the Group’s joint venture with Kaheel Terminals, to explore providing comprehensive and integrated end-to end logistics solutions over air, ocean and inland transport, as well as warehousing and distribution solutions including cold storage, to develop a corridor into greater Pakistan and Central Asia.