AD Ports Group announced that its container feeder arm, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, logistics, civil engineering, and power sectors. Under the terms of the agreement, the two companies will collaborate on cargo services from Fujairah to Bangladesh over a period of 15 years. Both companies will jointly own and operate bulk shipping services that will promote maritime trade between the MENA region and Asian Subcontinent.

The scope of the agreement also covers future areas of collaboration to jointly develop and invest in the maritime infrastructure and projects of Bangladesh and the United Arab Emirates.