AD Ports, SPG Yantai Port to develop green automotive industrial parks

AD Ports Group and SPG Yantai Port, a large government-owned enterprise that operates major ports in East China's Shandong province, have signed a preliminary strategic agreement to establish green automotive business parks, promoting vehicle trade between Asia, Middle East and North Africa and leveraging sustainable energy.

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Recognising the significant opportunity to establish a comprehensive China-Middle East-Africa automotive logistics corridor, the parties will combine their infrastructure, market positions and expertise to deliver an efficient supply chain for both new and secondhand vehicles.

The initiative will leverage China's position as the world's largest automotive market with significant export potential, alongside Abu Dhabi's role as a rapidly growing trade and logistics hub.

Under the terms of the agreement, the parties will explore the establishment and operation of an integrated bilateral terminal and auto hub network, connecting the Asia-Pacific Green Automotive Circular Economy Industrial Park in Yantai, Shandong, with AD Ports Group's automotive terminals and hubs in the UAE, and other key countries, to create a seamless and efficient vehicle supply chain.