AD Ports Group, a leading facilitator of global trade, logistics and industry, today signed a Memorandum of Understanding (MoU) with the Chittagong Port Authority to explore the future development and operation of the Multi-Purpose Port in Chittagong Port and other ancillary opportunities in Bangladesh.

The MoU was signed by Rear Admiral Mohammad Sohail, Chairman of Chittagong Port Authority, and Ahmed Al Mutawa, Regional CEO, AD Ports Group, in the presence of Abdullah Ali Al Hammoudi, UAE Ambassador to Bangladesh, Khalid Mahmud Chowdhury, MP, Minister of State for Shipping, and Md. Mostafa Kamal, Senior Secretary, Ministry of Shipping – Government of the People’s Republic of Bangladesh.

Rear Admiral Mohammad Sohail, Chairman, Chittagong Port Authority, said, “The Multi-Purpose Port in Chittagong is a priority for the Government of Bangladesh. It will be a game changer for the regional economy in general and Bangladesh economy in particular. We are pleased to collaborate with AD Ports Group on the development of this vital project, leveraging their expertise and capabilities as a global trade and logistics player. We hope that this MoU will pave the way for further cooperation that will attract more foreign direct investments to Bangladesh.”

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said, “We are excited to explore the development and operation of the Multi-Purpose Port and other ancillary opportunities in Chittagong, the main seaport of Bangladesh, and look forward to leveraging our experience and capabilities to assist our partners in addressing increased trade volumes in one of the fastest growing economies in South-East Asia, guided by the vision of our wise leadership.”

Over 90 percent of Bangladesh’s international trade is conducted through the ports of Chittagong, furthermore, Bangladesh’s seaports are an integral part of the multimodal network that links the republic to the hinterland, in addition to providing sea access for the landlocked Himalayan countries Nepal, Bhutan and India’s Northeast region.