Karachi Gateway terminal limited (KGTML), a division of noatum ports and ADS Ports group (LDC) Pakistan have signed a long-term commercial agreement for the development and operation of agricultural cargo at Karachi Port in Karachi.
Noatum Ports is an international port operating arm of Abu Dhabi’s Ad Ports Group.
The investment is more than US $ 75 million already made by the AD AD PORTS group during the first phase of the KGTML project.
KGTML will invest in the design and construction of a clean food grade facility, including a management system and distribution system and infrastructure related to goods, to support the management and storage of a large number of agricultural agricultural goods.
LDC has committed to providing domestic volume of agricultural commodities and will develop new infrastructure as part of its plans to expand its presence in Pakistan.
The new center is developing an Afferatural Supply Chain
Both companies – AD PORTS Group and LDC – are part of ADQ, Abu Dhabi Moderistiver, and the agreement will strengthen Pakistan’s agricultural financing and regional planning by strengthening their global expertise.
The new facility will improve efficiency, reduce administrative times and improve the resilience of Pakistan’s agricultural network. It will follow and implement international food safety and performance standards. By installing improved infrastructure, the project will strengthen regional trade links and contribute to greater access to food.
Mohammed Al Tamimi, Chief Executive Officer of Noatum Ports, said: “This partnership demonstrates our shared commitment to strengthening Pakistan’s Supply Chain and port logistics environment.
“As a key regional trade gateway, KGTML plays an important role in improving connectivity and efficiency in Pakistan’s age sector. This development will greatly enhance KARACHI’s position as an important global trade hub.
“The agreement with LDC represents a milestone in our partnership. Building on this foundation, we are committed to exploring other partnership opportunities across the board for low-cost, high-impact infrastructure solutions.”
Rubens Marques, LDC’s South Head for Southeast Asia, added: “We are happy to partner with the KGTML team, in this project of KARACHIS’s Port and Pork and Support the Pakistan’s Ecurity Screence.
“This development demonstrates our long-term commitment to the country, where we have been operating for more than 15 years, and we are confident of its growing role in global agricultural trade as we work to develop our business partners – and on the ground in Pakistan, the region and beyond.”
In addition to KGTML, the AD Ports group is also building, operating and managing Karachi Gateway Terminal Limited (KGTL) Container Handling at Karachi Port.
