AD Ports Group announced the formation of a new joint venture  with CEI Supply Chain Private Limited to develop an asset-light network delivery system.    Under terms of the agreement, the UAE-based logistics company will acquire a 51% majority shareholding in the new entity, further solidifying its presence in Pakistan, a key South Asian market and gateway to the Group’s Central Asia corridor, read a statement.  The new company will leverage CEI’s operational footprint in Pakistan, which includes key offices in Karachi, Lahore, Sialkot, and Islamabad. By integrating these local capabilities with AD Ports Group’s global reach, the JV aims to capture a significant share of the market, particularly in high-growth verticals such as automotive, retail, fast-moving consumer goods (FMCG), and energy.   The new joint venture will be consolidated into AD Ports Group starting in Q1 2026.    according  to Abdulaziz Zayed Al Shamsi, Regional CEO - AD Ports Group,   Having secured key port infrastructure and initiated capacity upgrades, we are now entering the hinterland to offer fully integrated logistics solutions.  The joint venture agreement caps a year of expansion for AD Ports Group in Pakistan, where the Group has established itself as a major investor in the Port of Karachi.    To date, AD Group has committed $295 million towards developing and enhancing its terminals in Karachi, and in addition, the group recently reached a long-term agreement with Louis Dreyfus Company (LDC), a leading agricultural goods processor, to develop a clean bulk storage facility at Karachi Port, further increasing its investment commitment into the country. (ICE ISLAMABAD)

Fonte notizia: the business recorder