AD Ports Group reported a revenue of AED 17.29 billion ($4.7 billion) in 2024, up 48 per cent from the previous year.
The Group also reported a record profit of AED 4.51 billion ($1.23 billion) in the year, a jump of 69 per cent from 2023.
All of the Group’s vertically integrated business clusters – ports, economic cities and free zones, maritime and shipping, logistics, and digital – contributed to the record revenue and profit in 2024, it said.
AD Ports said the Group’s revenue has risen five-fold since 2020, amid its “intelligent internationalisation’’ expansion strategy and its significant investments at home to support Abu Dhabi’s development into an international trade and industrial hub.
Mohamed Hassan Alsuwaidi, Chairman of AD Ports Group, said in a year marked by geopolitical instabilities and evolving global trade routes, the Group achieved record results, adeptly navigating dynamically changing markets, and seizing new opportunities to advance its value-enhancing international expansion.
“We emerged as a truly global player in 2024, achieving a new level of geographic reach, international recognition, and financial strength,” he said.
The AD Ports Group’s 2024 annual report also highlighted the ongoing expansion, including consolidation of ed Noatum and Global Feeder Shipping (GFS), a Dubai-based regional container feeder shipping company, while securing multipurpose terminal concessions and intermodal facilities along some of the world’s fastest-growing trade corridors in Egypt, Pakistan, Angola, Tanzania, and Georgia.
During the year, the Group also expanded through strategic acquisitions in Africa, Europe, and Central Asia, and added to its global ports and terminals network with new terminal concessions in Egypt, Pakistan, and Angola.
It restructured its growing global business around three new core brands – Noatum Ports, Noatum Maritime, and Noatum Logistics.
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