AD Ports Group (ADPORTS:ADX), a global leader in trade, transport, logistics, and industry, reported record-breaking revenue and profit growth in its 2024 Annual Report. The Group’s strategic acquisitions, international expansion, and operational efficiencies were key drivers of its success.
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Revenue: AED 17.29 billion (up 48% from 2023)
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EBITDA: AED 4.51 billion (up 69% from 2023)
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Revenue growth since 2020: Five-fold increase
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EBITDA growth since 2020: Nearly three-fold increase
Strategic Acquisitions and Expansion
AD Ports Group consolidated two major acquisitions in 2024:
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Noatum: A global logistics company.
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Global Feeder Shipping (GFS): A Dubai-based container feeder shipping company.
Additionally, the Group secured multipurpose terminal concessions and intermodal facilities in:
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Egypt
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Pakistan
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Angola
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Tanzania
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Georgia
These acquisitions and expansions reinforced the Group’s “intelligent internationalisation” strategy, strengthening Abu Dhabi’s position as a global trade and industrial hub.
Key Achievements and Developments
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CMA Terminals Khalifa Port Inauguration: In December 2024, AD Ports Group and CMA CGM Group launched an AED 3.1 billion (USD 845 million) container terminal, expanding Khalifa Port’s capacity by 23%.
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Khalifa Port’s Global Recognition: Ranked 19th among the world’s largest container ports (Drewry International).
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Business Reorganization: Introduction of three core brands:
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Noatum Ports
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Noatum Maritime
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Noatum Logistics
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The Group also received prestigious international awards for:
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Financial strength and performance
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Investor relations
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Workplace environment
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Environmental, Social, and Governance (ESG) initiatives
Market Trends and Outlook
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2024 Market Growth:
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Global seaborne trade volumes increased by 2.2% (Clarkson’s Research).
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Container shipping rates rose due to Red Sea disruptions.
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General cargo volumes grew by 40% YoY, supported by the Karachi Bulk Terminal.
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2025 Outlook:
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UAE GDP growth expected at 4-5% due to higher oil production and FDI expansion.
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New UAE bilateral trade deals expected to sustain demand.
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Strategic Direction and Future Growth
AD Ports Group is focusing on inorganic expansion by acquiring complementary logistics, maritime, and port assets. Investments primarily support:
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Enhanced customer relationships
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Strengthened trade routes and connectivity
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Expansion of logistics infrastructure
Most investments remain anchored in Abu Dhabi, leveraging the Emirate’s position as a global trade hub. The integration of Noatum and GFS is expected to drive further efficiencies, cost savings, and expanded market reach.
2024 was a landmark year for AD Ports Group, marked by record financial performance, strategic global expansions, and strong market positioning. With a multimodal global connectivity approach spanning sea, road, and rail, the Group is well-positioned for continued growth and expansion in 2025 and beyond.
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Source: AD Ports Group