AD Ports Group and Sinomach Sign a Memorandum of Understanding for Strategic Collaboration
July 2023 – In a significant move towards fostering international partnerships, AD Ports Group and China National Machinery Industry Corporation (Sinomach) have signed a Memorandum of Understanding (MoU) to establish a strategic cooperation relationship.
The agreement aims to explore potential opportunities globally, with a particular focus on regions such as the Middle East, Central Asia, South Asia, Southeast Asia, East Asia, Africa, South America, and Europe. Under the MoU, both parties will engage in collaborative efforts across various sectors and industries, including global industrial and infrastructure development, financing, construction, global economic city and free zone development, as well as global logistics. Each party commits to prioritizing the other’s involvement in project procurement and selecting each other as preferred partners for joint ventures.
The MoU is set to remain effective for three years, during which both AD Ports Group and Sinomach will work towards achieving mutual benefits through complementary advantages and resource sharing. Their shared goal is to establish a long-term strategic cooperation relationship based on mutual trust, aiming to jointly expand their presence in the global market.
The signing of this MoU represents a significant milestone for both organizations, signaling their commitment to exploring new avenues of growth and cooperation. By combining their respective expertise and resources, AD Ports Group and Sinomach are poised to capitalize on emerging opportunities across diverse regions, propelling economic development and fostering international collaboration.
This strategic partnership is expected to pave the way for groundbreaking initiatives that will not only strengthen bilateral ties but also contribute to the advancement of industries and infrastructure on a global scale. The joint efforts of these two prominent entities hold the promise of driving innovation and sustainable development, shaping a brighter future for the international business landscape. As the world continues to evolve and interconnectedness deepens, this collaboration is poised to play a crucial role in shaping the next chapter of economic growth and cooperation between the UAE and China.