Talks focus on existing and potential projects in maritime and logistics sectors
Abu Dhabi, United Arab Emirates - 6 March 2023: The President of Egypt, Abdel Fattah El-Sisi, received in Cairo Capt. Mohamed Juma Al Shamisi, Managing Director and AD Ports Group CEO, and discussed the ongoing cooperation and development of the logistics and maritime sectors in Egypt.
The meeting was attended by Egyptian Prime Minister Dr. Mostafa Madbouly, H.E. Mariam Al Kaabi, Ambassador of the UAE to Egypt, Walid Sami, Chairman of the General Authority for the Economic Zone of the Suez Canal, Major General Walid Abu Al-Majd, Director General of the National Service Projects Organization (NSPO), Major General Hisham Al Jundi, Deputy Director General of the National Service Projects Organization (NSPO), and Ahmed Al Mutawa, Regional CEO, AD Ports Group.
The meeting further cements the historical ties between Egypt and the UAE. It underlines AD Ports Group’s keenness to enhance cooperation with Egypt considering its numerous advantages as a leading regional and global logistics, especially with the Egyptian Government’s drive to develop its infrastructure and boost its economy.
Captain Mohamed Juma Al Shamisi, Managing Director and AD Ports Group CEO, said: “It was a privilege to meet the President, and have the opportunity to present our plans for strategic expansion in Egypt where we see vast investment opportunities backed by the ambitious economic development plans of the Egyptian Government. In line with the direction of the UAE's wise leadership, AD Ports Group is committed to build upon the strong ties between our two countries which recently celebrated 50 years of friendship and co-operation.
We will proudly continue to play a vital role in shaping the face of trade and logistics, regionally and globally."
UAE and Egypt enjoy strong economic relations with the first five months of 2022, seeing non-oil trade between the two nations exceeding AED 14.1 billion.
The UAE is Egypt’s second leading trade partner in the region while Egypt is the fifth leading trade partner of the UAE in terms of non-oil trade, accounting for seven percent of the total Emirati non-oil trade with Arab countries.
Additionally, the UAE is the number one country in foreign direct investments, accounting for 29 per cent of foreign investments in Egypt.
Thank you for your interest in our Investor downloads. You will be added to our investor database to receive updates from our investor relations teams by filling in the form.
This website contains general information about Abu Dhabi Ports PJSC (AD Ports Group) (the “Company”). The contents have been made available to you solely for information purposes and does not purport to be complete. By reading information on this website you agree to be bound as follows: nothing on this website shall constitute or deemed to constitute an invitation to invest or otherwise deal in securities in the Company.
Any investor or prospective investor considering making a transaction of securities in the Company should consult with its own counsel and advisers as to all financial, legal, tax, and related matters concerning an investment in such securities.
This website contains forward‐looking statements. These statements may include the words “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “project”, “will”, “may”, “targeting” and similar expressions as well as statements including, without limitation, those regarding the financial position, business strategy, plans, targets and objectives of the management of the Company for future operations, including development plans and objectives. Such forward‐looking statements involve known and unknown risks, uncertainties and other important factors which may affect the Company’s ability to implement and achieve results set out in such forward‐looking statements and which may cause actual results and developments to be materially different from any forecast, opinion or expectation expressed on this website.
By clicking Accept, I understand that I may be contacted by AD Ports Group and Affiliates in relation to this event and other similar events and services relevant to my industry. By registering for this event, I acknowledge that AD Ports Group and Affiliates may contact me as described herein and as otherwise set out in the Privacy Policy and in accordance with stated Terms and Conditions