AD Ports Group and SPG Yantai Port have signed a preliminary strategic agreement to develop green automotive industrial parks aimed at boosting vehicle trade between Asia, the Middle East and North Africa.
The agreement provides for the establishment of an integrated bilateral terminal and auto hub network, linking the Asia-Pacific Green Automotive Circular Economy Industrial Park in Yantai, Shandong, with AD Ports Group’s automotive facilities in the UAE and other countries.
The partners intend to build state-of-the-art hubs inside ports, with a focus on AI-driven technologies and sustainable energy solutions.
According to the companies, the cooperation seeks to combine infrastructure and expertise to create an efficient supply chain for new and second-hand vehicles, leveraging China’s position as the largest automotive market and Abu Dhabi’s role as a logistics hub.
The companies emphasized that with the rising global presence of Chinese automobile brands and growing exports of second-hand cars, the UAE has become the largest overseas market for China’s used vehicles.
AD Ports Group is a publicly listed entity on the Abu Dhabi Securities Exchange under the ticker ADPORTS. The group operates ports, logistics hubs, and industrial zones in the United Arab Emirates and internationally, focusing on maritime, shipping, and trade facilitation.
SPG Yantai Port is a state-owned enterprise under Shandong Port Group, which manages a network of major ports in Shandong province, China. It plays a central role in bulk cargo, container, and vehicle trade operations along China’s eastern seaboard.
