Deal signed to develop clean bulk handling, storage facility

AD Ports Group announced that Karachi Gateway Terminal Multipurpose Limited (KGTML), part of Noatum Ports, the international ports operating arm of AD Ports Group, and Louis Dreyfus Company Pakistan (Private) Limited, a subsidiary of leading global merchant and agricultural goods processor Louis Dreyfus Company (LDC), have signed a long-term commercial agreement to develop and operate a modern clean bulk handling and storage facility for agricultural goods at Karachi Port.

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Under the agreement, KGTML will invest in the design and construction of a highly efficient, food-grade clean bulk facility, including a handling and conveyor system along with associated infrastructure and utilities, to support the efficient handling and storage of dry agricultural bulk cargo, in line with international best practices, while LDC has committed to providing an inbound volume of agricultural commodities.

LDC will leverage the new infrastructure as part of its plans to grow its presence in Pakistan. The investment is in addition to the USD 75 million previously committed by AD Ports Group during phase one of the KGTML project.

The partnership brings together two companies within the portfolio of ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, to strengthen Pakistan's agricultural supply chain and port logistics ecosystem by leveraging their global expertise and regional capabilities.

A Strategic Investment and Infrastructure Utilisation Agreement was signed in Abu Dhabi by Mohammed Al Tamimi, CEO of Noatum Ports, and Rubens Marques, Head of South and Southeast Asia for LDC.

The signings took place in the presence of Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, and Michael Gelchie, Chief Executive Officer of LDC.