KARACHI/ABU DHABI: UAE-based logistics company, AD Ports Group, on Friday announced that its subsidiary Karachi Gateway Terminal Multipurpose Limited (KGTML), under Noatum Ports, has signed a long-term agreement with Louis Dreyfus Company Pakistan (Private) Limited (LDC) to develop and operate a modern, food-grade clean bulk handling and storage facility for agricultural commodities at Karachi Port.
Under the pact, KGTML will fully fund the design, construction, conveyor systems and supporting infrastructure, while LDC guarantees inbound volumes of dry agricultural bulk cargo. The investment is in addition to the earlier $75 million committed by AD Ports Group for phase one of the KGTML project.
The 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 & Southeast Asia for LDC.
The new facility will significantly enhance efficiency, reduce handling times and align Pakistan’s agri-logistics with global food safety standards, strengthening the national supply chain and reinforcing Karachi Port’s role as a regional trade gateway.
“This partnership reflects shared commitment by two ADQ portfolio companies to upgrade Pakistan’s port and agricultural logistics ecosystem,” stated AD Ports Group. The project further deepens UAE-Pakistan economic ties and supports growing bilateral trade.