In 2023, AD Ports Group exhibited remarkable growth through strategic expansions, financial achievements, global partnerships, and significant strides in its diverse clusters, solidifying its position as a global leader in trade and logistics, reports their website AD Ports Group.
Strategic Expansions and Agreements
- Inauguration of the Aqaba Cruise Terminal in Jordan.
- Concession agreements in Congo and Pakistan for managing multipurpose terminals.
- Agreement with the Red Sea Ports Authority for a terminal at Safaga Sea Port in Egypt.
Financial Growth and Investments
- Secured a USD 2 billion corporate facility with 13 banks.
- 116% YoY revenue growth to AED 8.11 billion.
- Key acquisition of 100% of Noatum, a global logistics services provider.
- International Presence and Partnerships
- Signed a 50-year concession agreement with Karachi Port Trust.
- Hosted prestigious events like the IAPH World Ports Conference.
- Received global awards for sustainability initiatives and port excellence.
- Clusters’ Notable Achievements
Digital Cluster
- Transitioning to lead UAE’s trade digitalization.
- Acquired TTEK to enhance digital trade solutions.
- Won awards for innovation and sustainability.
- Economic Cities & Free Zone
- Signed strategic agreements for major industrial projects.
- Significant investments in various sectors including food, technology, and metal.
Logistics
- Acquisition of Noatum and expansion into Uzbekistan.
- Agreement for full equity ownership of Sesé Auto Logistics.
- Maritime & Shipping
- Acquisitions to improve connectivity and venture into new areas.
- Establishment of SAFEEN Drydocks for comprehensive maritime services.
Ports
- Expanding operations in Congo, Pakistan, and Egypt.
- Recognition for achievements like the Guinness World Record at Khalifa Port.
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Source: AD Ports Group
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