Group to invest $220 million to build a 400-metre quay wall at 16-metre depth and a 10-hectare logistics area during Phase 1
Abu Dhabi Ports
Latest in Abu Dhabi Ports
Abu Dhabi
AD Ports Group signs 50-year land lease agreement with Al Ain Mills
The deal includes development of a 50,000sqm facility with a storage capacity of 300,000 metric tons at Khalifa Port
Abu Dhabi
Abu Dhabi Cruise Terminal welcomes first ocean liner of 2023-2024 season
As many as 126 cruise ships will make a call in Abu Dhabi, starting November 1, promising significant growth for the terminal
Abu Dhabi
AD Ports Group signs a ‘gamechanger’ 30-year concession for Congo port
Abu Dhabi’s AD Ports will invest $500 million to develop. manage and operate a multipurpose terminal in Congo’s Pointe Noire Port
Abu Dhabi
AD Ports Group to buy five bulk carriers and three oil tankers
The new purchases – worth a total of $260 million – will help service AD Port’s two major agreements with Saif Powertec and KazMunayGas
Abu Dhabi
AD Ports digital arm acquires border control solutions provider TTEK Inc for $26.7 million
The acquisition is expected to enable the Dubai port group’s arm to reinforce its market position as a leading digital trade and an end-to-end solution provider
Abu Dhabi
Abu Dhabi’s AD Ports Group secures $2bn bank funding
AD Ports Group secures $2bn funding from 13 regional and international banks
Abu Dhabi
AD Ports Group posts 77% jump in net profit in the July-September 2022 quarter to AED334 million
The company said its strong financial performance in the year was driven by strong growth in its maritime cluster and a robust performance of its economic cities and free zones cluster
Abu Dhabi Ports
AD Ports, International Development Bank sign pact to explore opportunities for ports and logistics projects in Iraq
The MoU with IDB followed AD Ports Group signing a series of agreements to explore opportunities for the management and development of ports and logistics assets across Iraq
Abu Dhabi
Abu Dhabi Ports buys $800mn shipping firm stake
Abu Dhabi Ports will acquire an 80 percent stake in Dubai’s Global Feeder Shipping (GFS)
Abu Dhabi
Abu Dhabi Ports buys $140 million majority stake in Egyptian logistics firm in first international acquisition
Egypt is a crucial part of the company’s strategy for international expansion, an official said
Abu Dhabi Ports
Abu Dhabi Ports, National Marine Dredging Company sign agreement to form JV
The new venture will offer a portfolio comprising offshore surveys, trenching and dredging support services
100% foreign ownership
Middle East’s biggest courier Aramex increases its foreign ownership limit to 100 percent
The move makes it the “first onshore UAE company listed on the DFM to allow for full ownership of its free-floating shares by foreign investors”, the company said
Abu Dhabi Ports
AD Ports picks Dar Al Omran, Maisam Group to develop Marsa Zayed mega-project in Jordan’s Aqaba
Once developed, the 3.2 million square metre Marsa Zayed site will consist of several districts comprising residential, retail, food and beverage services, commercial and office space, hotel, and leisure areas
Abu Dhabi economy
Giant wholesale food trading hub to open in Abu Dhabi
AD Ports Group partners with UAE conglomerate Ghassan Aboud Group on 3.3 sq km project in KIZAD
Abu Dhabi Ports
Abu Dhabi Ports acquires stakes in Aramex, National Marine Dredging Company
AD Ports now holds a 22.32% stake in Aramex and a 10% stake in NMDC as it seeks industry collaboration
Abu Dhabi economy
ADQ aims to raise $1.1 billion in Abu Dhabi Ports share sale
Established in 2006, Abu Dhabi Ports contributes about 14 percent of Abu Dhabi’s non-oil economic growth