The joint venture with Invictus to own and operate five dry-bulk vessels that will expand commercial shipping to Red Sea, Pacific corridors and other areas
AD Ports
Abu Dhabi
AD Ports launches KEZAD to streamline services to key UAE industries
The move will boost revenue and “create cost synergies” across AD Ports’ industrial, economic, and free zones assets
acquisitions
AD Ports buys majority stakes in Egyptian maritime companies for $140 million
AD Ports Group, which was established in 2006, owns and operates 10 ports in the UAE
Abu Dhabi
Chinese carmaker NWTN signs lease deal with KIZAD to assemble EVs in Abu Dhabi
The UAE’s first electric vehicles assembly facility will produce 10,000 units per year; it is set for completion in the last quarter of this year
Abu Dhabi economy
AD Ports Group, Uzbek oil and gas firm to develop logistics, freight and food trading infrastructure in Uzbekistan
The Abu Dhabi-based major has also announced opening the Group’s office in Uzbekistan, its first in the Central Asia region
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
SAFEEN Feeders expands fleet with acquisition of two Supramax vessels
Acquiring bulk ships is part of its long-term strategy to expand into different domains of the maritime shipping sector
Abu Dhabi
World Union of Wholesale Markets global conference to be held in Middle East for first time
AD Ports Group will host the conference, which is a major event for the fresh food industry, on October 20-22 in Abu Dhabi
AD Ports
Four out of five of the world’s most efficient ports are in the Middle East
The region ranked highly in the global index of 370 ports developed by the World Bank and S&P Global Market Intelligence
Abu Dhabi
AD Ports Group inks MoU with UAE Ministry to boost industrial sector’s competitiveness
The MoU is part of several agreements at the two-day ‘Make it in the Emirates’ forum held in Abu Dhabi
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
Abu Dhabi’s AD Ports inks deal with Red Sea Ports Authority for major projects along Egypt’s coastline
One of the projects will see AD Ports Group develop, operate, and manage a multi-purpose terminal in Safaga Port in a consortium with the Red Sea Ports Authority and the Egyptian Group for Multipurpose Terminals Company
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
AD Ports
AD Ports Group and Egyptian Group for Multipurpose Terminals ink MoU to further Egypt’s maritime industry
Ain Sokhna Port and a river port in Minya among the projects which will be jointly developed by the two entities
Abu Dhabi Department of Economic Development
AD Ports, Kuwait customs authority sign MoU on virtual trade corridor
The new corridor will help enhance trade exchange and streamline operations between the two countries
Abu Dhabi
AD Ports Group’s net profits soar to $232.2mn in 2021 driven by volume growth, diversification, and partnerships
General cargo volumes reached record levels of 45 million metric tonnes in 2021, up from 30 million metric tonnes in 2020
ABU DHABI PORTS GROUP
Abu Dhabi aims to revolutionise steel industry with Metal Park plans
AD Ports Group inks deal to establish an integrated metal hub in the Khalifa Industrial Zone Abu Dhabi