Ajman Port will undergo an expansion under an AED 1 billion investment agreement between Department of Port & Customs Ajman (DPC) and Hutchison Ports.
The Memorandum of Understanding (MoU) will draw out a development plan for the port that will enhance handling efficiency, attract new shipping lines, align with digital transformation plans and solidify its position as a vital logistics hub in the region.
It will also launch AI-powered programmess for port operations through an integrated 15-year plan aimed at managing, operating and developing the port.
After witnessing the signing of the MoU, His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, said the move will play a key role in stimulating the local economy by supporting supply operations and facilitating export and import activities through the provision of sustainable, eco-friendly infrastructure, while focusing on developing national talents and equipping them with modern port management skills.
"We believe that port development is an investment in the future of trade, food security, and economic growth," he added.
Sheikh Dr. Mohammed bin Abdullah Al Nuaimi, Chairman of the Department of Port & Customs Ajman, noted that the MoU marks an important step in reinforcing Ajman Port’s position as a strategic hub in the UAE and the region’s maritime transport network.
Abu Dhabi aims for 80% local materials in housing projects
UAE Central Bank support package reaches AED 6.2 billion
Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge
ADNOC backs UAE's AED1 billion National Industrial Resilience Fund
Trump sets deadline for EU to comply with trade deal or face 'much higher' tariffs
