Norfolk – The Virginia Port Authority and Abu Dhabi Ports Co. today announced that a memorandum of understanding (MOU) has been signed between the two organizations at the World Ports and Trade Summit being held in Abu Dhabi.
The two-year agreement will see both companies cooperate where possible on marketing activities, market research, exchange of information, green issues, modernization details and cross training. Employees from the VPA and ADPC will visit each other's sites periodically to solidify the partnership.
"This is a great step forward for Abu Dhabi and the Middle East, and we look forward to sharing knowledge and extending our friendship and professional relationship with one of the most important ports on the American East Coast," said Tawfeeq Al Mubarak, ADPC's executive vice president of ports.
ADPC is a developer of ports, industrial zones, trade and logistics zones and related services. It is focused on creating a sustainable growth platform that spurs economic expansion and diversification for Abu Dhabi. The company's mandate is to build, develop and manage commercial ports and related infrastructure in the Emirate of Abu Dhabi. It launched Kizad (Khalifa Industrial Zone Abu Dhabi) in November 2010.
"Working closely with ADPC in the near future will prove to be a very mutually-beneficial relationship that is rare in the region," said Russell Held, the VPA's deputy executive director of development. "We have already begun to share information and are eager in both welcoming ADPC staff and in sending our own people to learn more about the plans behind the commercial port operations in the emirate, including the Khalifa Port which is situated within the Khalifa Industrial Zone Abu Dhabi, (Kizad).