AD Ports Group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, to address infrastructure gaps across the continent.
The two organisations are expected to join forces on identifying, financing, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa.
Both parties will bring their technical expertise and strong financial capacity and networks to a range of development initiatives, according to a statement.
Over the last 15 years, AFC has invested more than US$10 billion in infrastructure projects across 37 countries in Africa, while it developed and financed the first carbon-neutral industrial zone in the continent, the Nkok Special Economic Zone, which has made Gabon the largest exporter of veneer wood globally.
“Combining AFC’s specialist expertise and outstanding investment track record with AD Ports Group’s technical proficiency, I am confident that our collaboration will yield the development of some of the most advanced integrated ports and logistics platforms in Africa and the world at large,” stated Samaila Zubairu, president & CEO of AFC.
AD Ports Group has expertise in the construction and operation of ports, free zones, logistics and maritime hubs, and is currently active in a range of development projects in territories as diverse as Jordan, Egypt and Iraq.
Capt. Mohamed Juma Al Shamisi, managing director and CEO of AD Ports Group, commented, “Some of the world’s fastest-growing economies are in Africa, necessitating the creation of a new generation of ports and maritime facilities, supported by smart technology and enhanced freight infrastructure. We see a key opportunity to support African nations in their efforts to develop advanced trade hubs that can manage the rising volume of maritime commerce and deliver excellent connectivity.”
