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

A stakeholder survey revealed that residents love the mountainous skyline of Muscat; new developments are planned to be a maximum of 25 storeys high

Muscat maps out its future development plans

Muscat is set to approve a plan that will create a central 55km spine where much of the future development of the Omani capital city will take place.  The city is predicted to double in size by 2040. The Greater Muscat Structure Plan, awaiting approval at cabinet level, provides a map of where future growth […]

Enertsol Deep Well Services

Adnoc Drilling JV M&A war chest to rise to $2bn

Enersol Energy Solutions, the joint venture between Abu Dhabi’s Adnoc Drilling and the investment company Alpha Dhabi, is looking to expand its war chest by $500 million to $2 billion. The company has already spent $800 million on acquisitions this year. In its latest deal, the fourth since January, Enersol has acquired a 95 percent […]

Nature, Outdoors, Sea

Revenues of six Adnoc subsidiaries reach $24bn

Six subsidiaries of Abu Dhabi National Oil Company (Adnoc) collectively generated AED89 billion ($24.23 billion) in revenues and achieved net profits of AED16 billion in the first half of 2024. The performance was driven by strong growth strategies, state-run WAM news agency reported. Adnoc Distribution, 77 percent-owned by the UAE oil giant, saw a 12.9 […]

Saudi Arabia's finance minister Mohammed Al Jadaan on stage at the FII conference. The country's revenue has risen 12%

Saudi Arabia’s deficit rises again as oil output cuts bite

Saudi Arabia’s budget deficit was SAR58 billion ($15.5 billion) in the first nine months of 2024, rising by SAR30 billion in the third quarter alone and confirming predictions of a funding crunch for the country’s giga-projects.  The finance ministry said in October that it expects to post an overall deficit of SAR118 billion this year […]