Turkey’s ports could see major investment as part of a new agreement.
Abu Dhabi Ports Group and Turkey’s Turkiye Varlik Fonu have signed a strategic partnership agreement to collaborate on major investment opportunities for port development and operations, and to coordinate efforts to examine other logistics-related investment projects within Turkey.
Salim Arda Ermut, CEO, Turkiye Varlik Fonu, said: “We are pleased to be working with AD Ports Group as part of a broad range of national measures to strengthen our trade, maritime and logistics sectors. Turkey has a number of world class port assets, and collaboration with AD Ports Group will help raise the range of services and quality of infrastructure to the next level.”
Joint steering committee
Under the terms of the agreement, the two organisations will collaborate in exploring and examining a range of opportunities for investments in Turkey, establishing a joint steering committee to assess all investment opportunities and foster trade ties between the two parties.
The agreement is expected to strengthen AD Ports Group’s position as a leading integrated ports and logistics entity in the region and will increase trade between the UAE and Turkey.
Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group, said: “AD Ports Group is delighted to enter into this strategic agreement with Turkiye Varlik Fonu, recognising the significant economic and technological development our collaboration can deliver. Turkey offers a broad range of important and attractive investments for AD Ports Group, and we believe Turkiye Varlik Fonu will be an ideal partner to help implement our ambitious plans.”
