Abu Dhabi Ports Group supports the national economy, accounting for 13.7% of Abu Dhabi’s non-oil GDP in 2020.
Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports Group (ADP), said the group aims to explore opportunities and partnerships in regional and international markets by signing international partnership agreements.
In his statement to the UAE News Agency, Al Shamsi said the group’s investments will help improve the emirate’s stature as a key supporter of international trade and logistics services, in line with the five joint strategic partnerships of the group with Aqaba Development Corporation (ADC) in Jordan.
Abu Dhabi Ports Group supports the national economy, accounting for 13.7% of Abu Dhabi’s non-oil GDP in 2020 and providing more than 200,000 jobs in the United Arab Emirates, as well as managing 55% of the country’s global industrial zones , he added. .
The strategic partnership agreements signed with ADC aim to strengthen the deep-rooted ties between the UAE and Jordan, as well as support Abu Dhabi Ports Group’s global expansion plans by capitalizing on the strategic location Aqaba as a regional Red Sea hub for attracting tourism from Europe, Al Shamsi said, noting that tourists are always keen to visit Aqaba, Wadi Rum and Petra in Jordan.
The CEO of Abu Dhabi Ports Group said mutual investments between the UAE and Jordan are valued at nearly $ 20 billion, and new projects will increase the value of Emirati investments in the kingdom.
âAbu Dhabi Ports Group is committed to strengthening its partnership with leading Jordanian companies and helping achieve their aspirations to strengthen Aqaba’s stature as a regional hub for trade, logistics, transport and tourism. We are convinced that these projects are only the beginning of a future fruitful cooperation â, he added.
Meanwhile, Etihad Airways and ADQ on Thursday announced a proposed transaction that will support the ongoing transformation of Etihad Airways and the future growth of the civil aviation sector in Abu Dhabi. As part of the proposed transaction, a number of Etihad companies providing airline assistance services will be part of a new aviation company ADQ.
Upon completion of the transaction, the airline support services business will benefit from being part of ADQ’s broad mobility and logistics portfolio, which includes Abu Dhabi Airports and AD Ports Group.
The companies included in the proposed transaction are Etihad Engineering, Etihad Airport Services Cargo, Etihad Airport Services Ground, Etihad Aviation Training, Etihad Secure Logistics and Etihad Technical Training.
Additionally, the proposed transaction will see two Etihad companies join Abu Dhabi National Exhibition Company (Adnec). Etihad Airport Services Catering will merge with Adnec Capital Hospitality’s catering business, and Etihad Holidays will join Adnec’s tourism promotion business, Tourism 365.
The proposed deal marks the start of a new chapter for Etihad Airways, allowing the airline to focus more on its core business and respond with greater agility to market opportunities as global travel demand rebounds after COVID-19.
Mohamed Hassan Alsuwaidi, CEO of ADQ, said: âWith the proposed addition of Etihad’s experienced aviation support activities to our new dedicated aviation company, ADQ is poised to develop a platform of Integrated performance-oriented aviation and a solid financial base through its new business. “
âWith an integrated mobility and logistics portfolio that plays a leading role in the development of Abu Dhabi’s global connectivity, we are well positioned to unleash the growth potential of these aviation services businesses. We see the potential to capitalize on growth opportunities, attract a broader airline customer base, and drive the future expansion of Abu Dhabi’s aviation sector.
Tony Douglas, CEO of Etihad Aviation Group, said: âWe are delighted to partner with ADQ for the next step in our transformation. The past two years have changed the face of aviation and the proposed deal marks an important milestone in how we are repositioning Etihad Airways and our subsidiaries for long term success. “
“This agreement will allow us to focus 100% on Etihad Airways to capitalize on the recovery in travel demand and will benefit our staff, the millions of guests who travel with Etihad Airways each year, and the aviation industry. in the broad sense of Abu Dhabi. We are working closely with the ADQ to ensure the smoothest possible transition.
Humaid Matar Al Dhaheri, Managing Director and CEO of Adnec Group, said: âThe inclusion of Etihad Airport Services Catering and Etihad Holidays supports the Abu Dhabi strategy which aims to achieve integration between various business units in exciting economic sectors. This approach will allow us to go beyond customer expectations by building on what has already been done. Our goal remains to reach milestones and continue working to improve competitiveness at regional and international levels, as well as increase contributions to Abu Dhabi’s economy and support sustainable development. ”