AD Ports Group’s 2023 Achievements Overview

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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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