A Memorandum of Understanding (MoU) has been signed by the Duqm Development Company (Tatweer) and India’s Adani Ports and Special Economic Zone Limited in New Delhi.
The agreement is aimed at exploring investment opportunities in the Special Economic Zone at Duqm, and established a framework for cooperation between both parties. Adani Ports plans to submit a detailed list covering the projects it intends to set up in Duqm and the investment topics that should be discussed over coming months.
Adani Ports and Special Economic Zone Limited is the largest ports company in India. This agreement was signed, following Tatweer’s ‘Invest in Duqm’ campaign in Mumbai and New Delhi, by Ismail bin Ahmed Al Balushi, deputy chief executive officer of the Special Economic Zone Authority in Duqm and Adani Port’s chief executive officer, Karan Adani.
Adani Ports’ terminal in Mundra recently set a national record for the largest number of containers handled in one vessel call at an Indian container port. MSC Bruxelles called at Adani International Container Terminal Private Limited (AICTPL) on September 27th and during its stay of 48.5 hours, the terminal exchanged 10,254 teu, surpassing its own record of 8,703 teu set by MSC Fillippa on September 4th 2016.