A virtual corridor between the UAE and Kuwait to facilitate cross-border trade

Abu Dhabi Ports Group announced the signing of a memorandum of understanding with the General Administration of Customs in Kuwait, with the aim of establishing a virtual trade corridor between the UAE and Kuwait, under the supervision of the Department of Economic Development in Abu Dhabi.

virtual lane

The memorandum stipulates that Maqta Gateway, the digital arm of Abu Dhabi Ports Group, and through the advanced platform for trade and logistics (Otlob), will develop the virtual trade corridor, under the supervision of the Department of Economic Development in Abu Dhabi.

Under it, new and integrated policies, procedures and systems will be established that will support the virtual trade corridor, which contributes to simplifying and facilitating cross-border trade.

time and cost

The establishment of this new virtual trade corridor, and the implementation of the associated solutions, provide distinct capabilities for the registration authorities in the two countries, ensuring that they obtain information related to international shipments and goods before their arrival, facilitating the pre-clearance of shipments, and achieving significant savings in the time and cost required to complete them. The memorandum of understanding has many advantages that speed up shipments of perishable goods, and reduce the time required to wait through border crossings on both sides.

the trade exchange

The country's ambassador to Kuwait, Dr. Matar Hamed Al Neyadi, said that the cooperation between the Abu Dhabi Ports Group and the General Administration of Customs in Kuwait, in establishing the first virtual corridor, would contribute more to enhancing trade exchange between the two brotherly countries, serving their goals in digital transformation, and facilitating procedures Shipping in a manner that would further reduce transportation and freight costs, help expand the horizons of economic cooperation, facilitate the movement of supply chains, and encourage businessmen to invest more, using the best digital solutions and logistics services provided by the virtual trade corridor between the Emirates and Kuwait.

economic development

For his part, the Undersecretary of the Department of Economic Development in Abu Dhabi and Chairman of the Logistic Sector Development Committee, the Department of Economic Development - Abu Dhabi, Rashid Abdul Karim Al Balushi, stressed that the establishment of the virtual trade corridor contributes to creating a positive impact on the development of the national economy in the two countries, and supports the efforts made by the leadership in all It also plays an active role in consolidating the position of the Emirate of Abu Dhabi as a global center for trade and logistics services.

Business Facilitation

In the same context, the Director-General of the General Administration of Customs in Kuwait, Suleiman Abdulaziz Al-Fahd, said that the memorandum of understanding comes within the framework of our strategic plan to develop the capabilities of the customs work system in Kuwait, with the aim of facilitating business, reducing manual reviews to complete administrative and customs procedures, and facilitating the trade community. In both countries through an agreement that takes advantage of the advantages of the global logistics passport.

As for the head of the digital sector - Abu Dhabi Ports Group, and CEO of “Maqta Gateway”, Dr. Noura Al Dhaheri, she said: “Through this virtual trade corridor, we seek to develop policies and procedures and integrate digital systems, which leads to accelerating bilateral trade between the two countries and facilitating the movement of goods ».

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