Skip to content Skip to Search
Skip navigation

AD Ports’ new cargo service to improve trade with Kuwait

AD Ports kuwait WAM
AD Port's new Ro-Ro service aims to improve commercial connectivity and facilitates trade with Kuwait's Shuwaikh Port

Abu Dubai’s AD Ports Group has launched a new direct shipping service dedicated to roll on-roll off (Ro-Ro) between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port.

The new service aims to improve commercial connectivity and facilitates trade with Kuwait, the UAE state-owned WAM news agency reported.

Ammar Mubarak Al Shaiba, acting CEO of the maritime cluster and Safeen Group, AD Ports Group, said the group is committed to utilising its integrated logistics capabilities to meet customers’ requirements, help grow their businesses, and facilitate their access to their target markets with competitive rates and reduced time.

The bilateral trade between the two GCC countries has seen rapid growth in several key commodity markets.

During 2022, the federal competitiveness and statistics centre’s preliminary data showed an increase in non-oil trade exchange between the two countries, estimated at AED43.5 billion ($11.84 billion), compared to AED38.5 billion in 2021, a year-on-year increase of 13 percent. 

In addition, the value of non-oil exports to Kuwait increased from AED12.7 billion to AED14.2 billion. While the value of re-exports to Kuwait increased from AED20.9 billion to AED21.9 billion, coinciding with the increase in imports to the UAE from AED4.9 billion to AED7.3 billion.

The volume of trade exchange between the UAE and regional countries has witnessed significant growth due to comprehensive business agreements and strategic partnerships. The growth is supported by AD Ports Group signing several agreements with Egypt, Jordan, Iraq and Turkey.

AD Ports Group recently inked a 30-year concession agreement worth $200 million to develop and operate Egypt’s Safaga port. In addition, two 15-year agreements, a memorandum of understanding and three head of terms for ports in Egypt’s Red Sea region and the Mediterranean Sea were signed.

Latest articles

FILE PHOTO: United Arab Emirates Minister of State for Foreign Trade Thani Al Zeyoudi gestures during an interview with Reuters in Dubai, United Arab Emirates, June 30, 2022. REUTERS/Abdel Hadi Ramahi/File Photo

UAE and Kenya complete Cepa negotiations

The UAE and Kenya have completed negotiations on a comprehensive economic partnership agreement (Cepa) between the two countries. It is the 12th Cepa deal secured by the UAE and its third in Africa, after agreements were signed last year with Mauritius and the Republic of the Congo (Congo-Brazzaville). “The UAE-Kenya Cepa will not only boost […]

Adnoc has bid for German polymer manufacturer Covestro but its offers €55 and €57 per share were rejected

Adnoc faces hurdles in completing ambitious European deals

Abu Dhabi state oil company Adnoc is facing challenges to a duo of major European deals it is trying to get over the finish line, according to media reports. Talks with Austrian energy group OMV have been put on hold to allow parties to navigate a series of disagreements, the Financial Times reported on Friday. […]

The 450 companies operating at Dubai Science Park include AstraZeneca, and the free zone plans to add 200,000 sq ft of lab and office space

Dubai Science Park reveals expansion plans

Dubai’s biotechnology free zone is adding 60 percent more offices, laboratories and warehouses over the next few years to cater for an influx of new companies, its senior vice-president told AGBI.  Dubai Science Park, part of Dubai-listed Tecom Group, is planning an expansion of 200,000 sq ft of additional storage and logistics facilities at the […]

Visitors enjoy the Karnak Temples; the government hopes to entice 30 million tourists to Egypt a year by 2030 tourism egypt

Egypt tourism up 5% in early 2024 despite Gaza conflict

The number of tourists visiting Egypt increased by five percent year on year in the first 40 days of 2024, according to Egypt’s tourism minister, Ahmed Issa. The announcement came after reports in January that visitor numbers for the whole of 2023 reached a record high of 14.9 million, just shy of the 15 million […]