AD Ports Group

AD Ports secures agreements to operate and upgrade Luanda terminal in Angola

AD Ports Group has signed several agreements with Unicargas and Multiparques securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade of the existing Luanda multipurpose port terminal in Angola.

The agreements with Unicargas and Multiparques, logistics and transport companies in the country, saw AD Ports acquire an 81% stake in a joint venture that will operate the terminal and a 90% stake in another joint venture that...

https://container-news.com/ad-ports-secures-agreements-to-operate-and-upgrade-luanda-terminal-in-angola/

AD Ports Group partners with ADNOC Distribution for marine lubricants

AD Ports Group has announced its Ports Cluster’s expansion into the global distribution of marine lubricants.

This decision follows a strategic partnership with ADNOC Distribution, a leading manufacturer of marine and automotive lubricants in the UAE.

“This agreement will see two major global corporations, with vast expertise in their respective fields, creating new opportunities within the marine lubricants market. The distribution solutions offered by the Ports Cluster, which now owns or...

https://container-news.com/ad-ports-group-partners-with-adnoc-distribution-for-marine-lubricants/

AD Ports Group partners with General Company for Ports of Iraq

AD Ports Group has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI).

This agreement outlines the establishment of a joint venture aimed at developing Al-Faw Grand Port and its associated economic zone, along with potential future expansions.

Additionally, the agreement encompasses the possibility of investment, management, and operation of ports, economic zones, and relevant infrastructure in other cities within the Republic of Iraq.

The signing ceremony took...

https://container-news.com/ad-ports-group-partners-with-general-company-for-ports-of-iraq/

AD Ports Group exceeds US$3 billion revenue in 2023

In 2023, AD Ports Group’s financial achievements were evident, highlighted by a remarkable revenue surge of 112% year-on-year, reaching US$3.2 billion.

The yearly performance showcased robust operational and financial progress, with EBITDA climbing by 23% year-on-year to US$730 million. Furthermore, the total net profit for 2023 stood at US$380 million, marking a 6% increase compared to the previous year.

In 2023, the global shipping industry saw a mixed performance, marked by a return to...

https://container-news.com/ad-ports-group-exceeds-us3-billion-revenue-in-2023/

AD Ports acquires 60% stake in Tbilisi Dry Port

AD Ports Group has signed a purchase agreement with Inveco LLC to acquire a 60% ownership stake in Tbilisi Dry Port.

This new custom-bonded and rail-connected intermodal logistics hub in Georgia, currently owned by Inveco LLC and Wilhelmsen, is scheduled to become operational by the fourth quarter of 2024.

Positioned along the strategically vital Middle Corridor, this project is a crucial logistics hub linking manufacturing centres in Western Asia to consumer markets in Eastern Europe through a...

https://container-news.com/ad-ports-acquires-60-stake-in-tbilisi-dry-port/

AD Ports Group hosts Iraqi delegation

AD Ports Group, a major global facilitator of logistics, industry, and trade, received a distinguished Iraqi delegation led by Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, alongside prominent figures and leaders from various sectors including business, investment, and development.

The discussions focussed on several crucial projects essential for international transport, logistics services, regional economic cooperation, and mutual interest initiatives.

“The UAE is one of Iraq’s...

https://container-news.com/ad-ports-group-hosts-iraqi-delegation/

KEZAD Assets Management Company to manage 750,000m² of built-up assets under KEZAD Group

KEZAD Group, a subsidiary of AD Ports Group within the Economic Cities & Free Zones sector, renowned for its management of integrated and purpose-built economic zones in the UAE, is poised to hand over the management of approximately 750,000m² of its developed assets to KEZAD Assets Management Company (KAMC).

According to a statement, this move positions KAMC as a significant player in the industrial and logistics assets domain, focusing on strategic acquisitions, management, and operations.

Initi...

https://container-news.com/kezad-assets-management-company-to-manage-750000m²-of-built-up-assets-under-kezad-group/

AD Ports surpasses US$3 billion revenue, achieves US$370 million profit in 2023

AD Ports Group has unveiled its preliminary financial results for the previous year (January-December 2023).

In the previous year, AD Ports reported that revenue experienced a remarkable surge of 112% year-on-year (yoy) reaching US$3.18 billion, with Q4 2023 witnessing a notable 105% yoy increase to US$978 million.

Additionally, the Group’s EBITDA displayed a 23% yoy growth to US$726 million for the full year, while Q4 2023 saw a flat performance at US$149 million, primarily due to extraordinary...

https://container-news.com/ad-ports-surpasses-us3-billion-revenue-achieves-us370-million-profit-in-2023/

AD Ports signs MoUs with Gujarat Maritime Board and RITES Limited

AD Ports announced the signing of strategic Memorandums of Understanding (MoUs) with Gujarat Maritime Board and RITES Limited, a certified multi-disciplinary transport and infrastructure firm.

The MoUs encompass a wide array of collaborative ventures, spanning infrastructure development, technology transfer, sustainable and green port development, as well as maritime education and tourism.

“Our collaboration with these distinguished Indian entities is set to significantly advance the objectives...

https://container-news.com/ad-ports-signs-mous-with-gujarat-maritime-board-and-rites-limited/

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