Abu Dhabi-based AD Ports Group, the leading facilitator of global trade, logistics, and industry, signed a Memorandum of Understanding (MoU) with Turkish steel producer Tosyalı Holding.
“The MoU seeks to establish the framework for AD Ports Group and Tosyalı to collaborate on a broad range of shipping, logistics, ports, and freight forwarding services, including potentially jointly investing in new port facilities to support export operations," AD Ports Group said in a statement.
“AD Ports Group is pleased to sign this agreement with Tosyalı, Türkiye's leading and Africa's largest steel producer," AD Ports Group Managing Director and Group CEO Captain Mohamed Juma Al Shamisi said.
Tosyalı Holding has an annual manufacturing capacity of more than 10 million tons of steel, with significant volumes shipped to global markets, thanks to 30 manufacturing plants, including associates and joint ventures in Türkiye, Algeria, and Angola.