AD Ports Group and Somali Ministry of Fisheries & Blue Economy Sign MoU
The MoU will see the development of a maritime monitoring centre and stations, upgrade port infrastructure, build integrated ports, and a technical vocational training school
AD Ports Group has signed a Memorandum of Understanding (MoU) with the Somali Ministry of Fisheries & Blue Economy to explore the possibility of jointly investing and developing the nation’s fisheries, ports, and maritime sectors.
The MoU will explore potential collaborations in integrating fish ports and processing plants, developing a maritime monitoring centre and stations, upgrading port infrastructure, building integrated fishing ports, and establishing a technical vocational training school, said a statement.
AD Ports Group brings experience in managing ports, economic cities, and free zones, in addition to providing integrated multi-modal logistics services in the UAE and globally. In collaboration with the Somali Ministry of Fisheries & Blue Economy, AD Ports Group will look for opportunities to develop the maritime and fisheries sectors and explore other potential projects.
In Africa, AD Ports Group recently secured concessions in the ports, maritime, and logistics sectors in Egypt, the Republic of Congo, Angola, and Tanzania. The United Arab Emirates is a long-time supporter of the people of Somalia, where agriculture makes up about two-thirds of economic output, the statement noted.
Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group said, “AD Ports Group will explore supporting Somalia’s positive economic growth through potential investments and other collaborations in the nation’s ports, fisheries and maritime sectors. Under the wise guidance of our leadership, AD Ports Group and the Federal Ministry of Fisheries & Blue Economy – Somalia will seek opportunities to unlock the potential of the country’s maritime and fisheries sector by leveraging the Group’s global expertise and resources to generate long-term growth and regional connectivity.”
The MoU will also consider ways to cooperate on the enforcement and implementation of maritime regulations, support the development of technology and infrastructure, and explore the potential provision of project management and other opportunities of mutual interest, the statement concluded.
