ABU Dhabi-based ports and logistics giant AD Ports Group has secured a 20-year concession agreement for Angola’s Luanda multipurpose port terminal. The agreement, extendable for another 10 years, will see AD Ports invest US$251 million towards modernizing the terminal and developing the logistics business over the next three years, potentially increasing to $379 million over the concession term, reports Singapore’s Splash 247. The Group has also sealed deals with local logistics and transport...
https://www.seanews.com.tr/ad-ports-to-spend-us-379m-modernizing-angolan-port/200225/