- Achieved record revenue of AED 12.72 billion and net profit of AED 1.29 billion in 9M 2024.
- Expanded Khalifa Port’s capacity by 23%, with a 30% surge in vehicle traffic.
- Integrated Noatum to boost operational efficiencies and international presence.
- Secured major global concessions in Pakistan, Egypt, Angola, Tanzania, and Georgia.
- Launched innovative green maritime technologies, including the world’s most powerful electric tugboat.
- Invested in KEZAD to enhance industrial and logistics capacities, including a state-of-the-art lithium plant.
- Advanced digitalisation initiatives, highlighted by the rebranding of Maqta Gateway to Maqta Technologies Group.
AD Ports Group has reinforced its leadership in global trade and logistics through strategic investments and expansions, increasing connectivity and capacity while driving sustainable innovation.
Khalifa Port’s Milestones
The expansion of Khalifa Port boosted its container handling capacity by 23%, further positioning it as one of the world’s most efficient commercial ports. A 30% increase in vehicle traffic was facilitated by the rapid addition of 90,000 square meters of yard storage.
Integration of Noatum
Noatum’s integration into AD Ports Group enhanced synergies, operational efficiency, and geographic reach. This major acquisition supports the Group’s international growth and diversification strategy.
Record Financial Performance
In the first nine months of 2024, AD Ports Group achieved record revenue and profit driven by growth across core businesses, including Ports (+13%), Maritime & Shipping (+46%), Economic Cities and Free Zones (+11%), Logistics (+26%), and Digital (+4%).
Global Concessions and Expansion
AD Ports Group secured key concessions in:
- Pakistan: A 25-year agreement at Karachi Port to develop and manage the Bulk and General Cargo terminal.
- Egypt: Agreements to operate cruise terminals in Safaga, Hurghada, and Sharm El Sheikh, alongside acquiring Egypt’s Safina B.V., expanding to 15 Egyptian ports.
- Angola: Awarded a concession at Port of Luanda to enhance Central-West Africa’s maritime trade.
- Tanzania: Acquired stakes in Dar es Salaam’s TICTS terminal to bolster East African logistics.
- Georgia: Acquired a 60% stake in Tbilisi Dry Port, linking Asia and Europe.
Innovation in Green Maritime Technology
SAFEEN Group launched the world’s most powerful electric tugboat, “Bu Tinah,” achieving a Guinness World Record. Additionally, the remotely operated USV “SAFEEN Green” was introduced, revolutionising marine surveys.
KEZAD Investments
AD Ports Group’s KEZAD cluster witnessed significant developments, including:
- A 50-year lease agreement for a modular fabrication facility worth AED 367 million.
- Construction of a lithium processing plant with an AED 5 billion investment.
- Expansion of warehousing capacity by 43%, supported by AED 621 million.
Advancements in Digitalisation:
The Group’s Digital Cluster evolved into a standalone profit center, with key achievements such as:
- Acquiring a 60% stake in Dubai Technologies for digital twin solutions.
- Introducing a Port Community System (PCS) in Aqaba, Jordan, to streamline port operations.
Future Outlook
AD Ports Group remains committed to driving sustainable growth and innovation, leveraging strategic investments, digitalisation, and operational excellence to maintain its leadership in global trade and logistics.
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Source: AD Ports Group
