Abu Dhabi Ports Group and Karachi Port Trust have announced a strategic partnership to develop Karachi Port into a premier trade hub. The collaboration aims to enhance the port’s infrastructure and capabilities, positioning it as a key player in global trade and transshipment activities.
As Pakistan’s third-largest trading partner, the UAE plays a significant role in the country’s economic growth. The proximity between the UAE and Pakistan offers favorable conditions for trade, with reduced transportation costs and increased commercial exchanges. Leveraging their expertise and strong relationships with major shipping lines, Abu Dhabi Ports Group plans to transform Karachi Port into a hub for transshipment, as well as imported and exported cargo.
The partnership, formalized through a Memorandum of Understanding (MoU), underscores a shared vision to drive sustainable growth, promote trade diversification, and strengthen bilateral ties between the UAE and Pakistan. The collaboration will involve the development, expansion, and digitalization of port projects within Pakistan, attracting foreign direct investment and utilizing technical expertise to ensure commercial success.
By combining the strengths and expertise of both entities, Abu Dhabi Ports Group and Karachi Port Trust aim to unlock unprecedented growth opportunities for the port and the wider trade community. The Chairman of Karachi Port Trust, Syed Syedain Raza Zaidi, expressed confidence that the partnership will pave the way for transforming Karachi Port into a world-class maritime hub capable of meeting the demands of the evolving global trade landscape.
This collaboration marks a significant milestone in the development of Karachi Port, contributing to the economic prosperity of the region and reinforcing its significance as a key player in the trade and maritime industries. The joint efforts between Abu Dhabi Ports Group and Karachi Port Trust are set to propel Karachi Port towards becoming a premier destination for trade and transshipment, fostering economic growth and strengthening the trade ties between the UAE and Pakistan.
