AD Ports Group and Aramex have signed a Joint Venture agreement to form and operate a new company that will provide Non-Vessel Operating Common Carrier (NVOCC) solutions to the freight forwarding industry players, servicing their ocean-bound container cargo. The new Joint Venture, in which AD Ports Group has a majority share of 51%, will handle captive cargo from Aramex and will also offer tailored solutions to the needs of third-party freight forwarders, enhancing and further developing shipping connectivity across the GCC, Indian and East and West African markets with a target of 10,000 containers in the short-term, and plans to increase the number of containers in the medium to long-term. The partnership is a perfect illustration of AD Ports Group's efforts to leverage its synergistic capabilities by building supply chain density along key trade routes and better sweat its assets in its capital-intensive businesses.

It also builds on recent efforts to provide key maritime services to leading companies globally by reinforcing its network effect and hub and spoke model.