AD Ports, Saif Powertec pen MoU

AD Ports Group has signed a Memorandum of Understanding (MoU) with Bangladesh-based Saif Powertec Ltd., specialising in infrastructure-support services, to potentially cooperate on operational projects and projects under development in various ports in Bangladesh.

Under the terms of the MoU, the parties will explore joint activities and working on the development of ports, container depots and logistics facilities in Chattogram, Mongla, and Dhaka.

In addition, the parties will establish a joint working group to share expertise, studies, strategies, technical assistance, and the implementation of joint activities.

“This cooperation highlights our ongoing commitment to unlocking fresh opportunities globally. Working alongside Saif Powertec Ltd. will provide a greater platform for us to offer our world-class services and experience on various projects in Bangladesh. The signing of this MoU further enhances the Group’s presence in Bangladesh and South Asia as we continue to grow and develop the close relationships we have built over the years in line with the vision of our wise leadership,” said Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO – AD Ports Group.

“Today is another proud day for us as we continue our ongoing partnership with AD Ports Group, which could lead us to work together on big projects in Bangladesh. The MoU is yet another indicator of the strength of the relationship between Saif Powertec Ltd. and AD Ports Group and we’re looking forward to collaborating for many years to come. AD Ports Group brings a wealth of experience and know-how to the table when it comes to our industry, so teaming up with them to continue to grow our operations in Bangladesh makes total sense for us,” said Tarafder Md Ruhul Amin from Saif Powertec Ltd.