Abu Dhabi-based conglomerate International Holding Company (IHC) formed Rorix Holdings, a global finance and trade facilitation company, in August this year to serve as an entry point for local, regional and global businesses to access new markets through the United Arab Emirates (UAE).

The one-month-old Rorix Holdings has now signed an MoU (memorandum of understanding) with India’s largest integrated ports and logistics company Adani Ports and Special Economic Zone (APSEZ) to integrate its technologies into Adani’s logistics and trading platforms.

According to Thani bin Ahmed Al Zeyoudi, executive chairman of Rorix Holdings, the partnership is aimed to revolutionise the way commodities are traded, stored and managed.

APSEZ, which represents 27% of India’s total port volumes, positions itself as the country’s largest port developer and operator.

Karan Adani, managing director of APSEZ, said the collaboration was a significant step towards APSEZ becoming one of the largest integrated transport and logistics infrastructure companies globally, providing comprehensive end-to-end services.

Rorix Holdings that focuses on financial services, trade finance, advisory, commodities and trade insurance sectors aims to accelerate trade volumes, attract foreign investment, and foster economic partnerships to promote sustainable growth across multiple sectors. The company is expected to shape the future of international trade and reinforce the UAE’s role as a key player in the global economy. – editor@nrifocus.com