The service aims to improve commercial connectivity and facilitates trade with Kuwait
AD Ports Group has announced the launch of a new direct shipping service dedicated to Ro-Ro, between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port.
The service aims to improve commercial connectivity and facilitates trade with Kuwait.
The bilateral trade ties enjoyed between the two GCC countries in recent years saw a rapid growth in several key commodity markets.
During 2022, the Federal Competitiveness and Statistics Centre’s preliminary data shows an increase in non-oil trade exchange between the two countries estimated at Dhs43.5bn, compared to Dhs38.5bn in 2021, recording 13 per cent growth.
AD Ports Group launches new Ro-Ro Shipping Service to improve commercial connectivity with Kuwait via Khalifa Port#WamNews https://t.co/B74DmlKQUL pic.twitter.com/8WjScsMiFJ
— WAM English (@WAMNEWS_ENG) March 25, 2023
In addition, the value of non-oil exports to Kuwait increased from Dhs12.7bn to Dhs14.2bn. While the value of re-exports to Kuwait increased from Dhs20.9bn to Dhs21.9bn, coinciding with the increase in imports to the UAE from Dhs4.9bn to Dhs7.3bn.
The volume of trade exchange between the UAE and the countries of the region has recently witnessed significant growth, owing to a set of comprehensive business agreements and strategic partnerships with neighbouring countries, including, but not limited to, the agreements AD Ports Group signed with Egypt, Jordan, Iraq and Turkiye.
New shipping service
The launch of the new shipping service between Khalifa Port and Shuwaikh Port is part of AD Ports Group’s efforts to enhance trade connectivity and facilitation in the region.
Captain Ammar Mubarak Al Shaiba, acting CEO of the Maritime Cluster and Safeen Group, AD Ports Group said: “As the region’s premier facilitator of logistics, industry, and trade, AD Ports 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 through Khalifa Port, the strategic gateway to Abu Dhabi.”
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