AD Ports Group signed a 30-year concession agreement with the Government of the Republic of Congo for managing and operating the New East Mole Terminal in Pointe Noire.
Under the agreement, AD Ports Group will have the exclusive right to invest in the development, operation, management and maintenance of the ‘New East Mole Port’ that will handle containers, general cargo, break-bulk and other types of cargo.
The agreement runs for 30 years from the date of signing and AD Ports Groups shall have the right to further extend it for a further period of 20 years on the same terms and conditions.
AD Ports Group will invest more than $500 million over the life of the concession, with around $220 million allocated for phase 1, which is expected to be completed over the next 30 months.
Throughout the term of the agreement, the group will provide the new facility with digital services and technology solutions to enhance its efficiency including design, implementation and operation of a single-window, software development, digital architecture, business analytics, digital operations support and digital transformation.
Pointe Noire is the main commercial centre of the Republic of the Congo, and its port plays a key role in the economy and development of the nation and wider region. Executives are confident that the collaboration will help stimulate trade and enhance connectivity for the Republic of the Congo, which is pursuing a new National Development Plan (NDP) focusing on economic diversification and high, resilient, and inclusive growth.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “This agreement represents a significant milestone in our company’s growth strategy. By expanding our operations and presence in Congo, we are not only strengthening our position in the region, but also tapping into a new market with immense potential.
“We anticipate boosting trade and commerce between our countries and opening new trade routes, creating new employment opportunities, and contributing to the overall development of Congo. This concession agreement holds great potential and promise for both parties, especially when we consider the key role that the ‘New East Mole Port’ in Pointe Noire plays as one of the best performing ports on the central west coast of the African continent.”
AD Ports boosting economic growth in Congo
Denis-Christel Sassou Nguesso, Minister of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, said: “We are delighted to partner with AD Ports Group in this exciting new agreement. This partnership represents a significant step forward in our efforts to promote economic growth and development in Congo Brazzaville.
“Through this partnership, we will have access to AD Ports Group’s expertise and resources, which will be invaluable in developing our infrastructure and supporting our future plans and that we can accelerate progress in critical areas such as transportation, trade and logistics. We believe that this partnership has the potential to be a gamechanger for our country, and we are excited to see the positive impact it will have in the years to come.”
In 2021, the UAE exported goods worth $137 million to the Republic of the Congo. During the last 16 years, the exports of the UAE to the Republic of the Congo have increased at an annualised rate of 5.6 percent, from $57 million in 2005 to $137 million in 2021. Exports from Congo to the UAE (mainly refined copper and gold) have increased at an annualised rate of 30 percent, from $26 million in 2005 to $1.75 billion in 2021.
The agreement was signed by Captain Al Shamisi; Sassou Nguesso, and Honore Sayi, Minister of Transport, Civil Aviation and Merchant Navy of the Republic of Congo.
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