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AD Ports Group

AD Ports Group News

Water, Waterfront, Cargo Container

Abu Dhabi’s Noatum enters Egypt with Safina buyout

Noatum, an Abu Dhabi state-owned AD Ports Group company subsidiary, has acquired a majority stake in Safina, an Egyptian maritime and cargo services provider. The deal, the value of which was not disclosed, is expected to close in Q3 2024, the UAE state-run Wam news agency reported. The acquisition of Safina will support Noatum Maritime’s […]

Izmir Port is one of Turkey's largest in terms of container volume and cargo tonnage

Turkey and AD Ports talks continue over port venture

Turkey is continuing negotiations with the UAE state-owned Abu Dhabi Ports (AD Ports) to establish a joint venture for the operational rights of the Aegean port of Izmir, a news report said. Regional competition and changing capacity conditions have delayed the closure of the deal, Reuters reported, quoting two unnamed sources. Although Ankara explored discussions […]

ADQ's holdings include Abu Dhabi National Energy Company (Taqa) and are worth almost $200 billion

ADQ: how Abu Dhabi’s ‘baby’ fund is finding its feet

Abu Dhabi sovereign wealth fund ADQ may be the younger, smaller sibling of ADIA and Mubadala but there are no signs of an inferiority complex as it executes billion-dollar deals at home and overseas. Most notable was the $35 billion agreement signed with the Egyptian government in February this year to develop Ras El Hekma, […]

Construction of Uganda's new airport will start in August, said Abdallah Sultan Al Owais, chairman of the Sharjah Chamber

UAE to build a new airport in Uganda

The Sharjah Chamber of Commerce and Industry will build a new international airport in Uganda. The Kidepo International Airport in Karamoj will be located near Uganda’s border with Kenya, president Yoweri Museveni said in a post on messaging app X. The cost of the airport was not given. “This agreement is a sign of the […]

The unified economic license is an initiative by Abu Dhabi Department of Economic Development and Abu Dhabi Free Zones Council

Abu Dhabi launches unified economic licences

Abu Dhabi has unified procedures for registering economic licences across the emirate and its free zones, in a bid to make it simpler to set up a business and increase non-oil trade. The unified economic license is an initiative by Abu Dhabi Department of Economic Development (Added) and Abu Dhabi Free Zones Council. The new […]

Eagle Hills chairman Mohamed Alabbar (left) with Iraqi prime minister Mohammed Shia Al-Sudani (centre), at the launch of the Baghdad Golf Course and Spa project

Eagle Hills launches $1.5bn golf resort in Baghdad

UAE developer Eagle Hills has revealed plans to build a mega mixed-use development in Iraq’s capital city. Abu Dhabi-based Eagle Hills has acquired land to develop the $1.5 billion Baghdad Golf Course and Spa, including an international golf course, high-end residential buildings, a five-star hotel and a resort club. “Baghdad is a city with a […]

A view of Khalifa Port. AD Ports Group owns 30 percent of the new joint venture, East Africa Gateway Limited, which will be based in Kezad

AD Ports JV buys 95% stake in Tanzania’s port operator

A joint venture consisting of the UAE’s AD Ports Group, India’s Adani Ports and China’s East Harbour Terminals has acquired 95 percent of Tanzania International Container Terminal Services in Tanzania. Abu Dhabi-based East Africa Gateway purchased the stake for nearly $40 million from Hutchison Port Holdings, Hutchison Port Investments and Harbours Investment, the Abu Dhabi-listed […]

Boat, Transportation, Vehicle

AD Ports Q1 revenue doubles on robust business growth

Revenue for the first quarter of 2024 at the UAE’s AD Ports Group more than doubled year on year to AED3.9 billion ($1.1 billion). The topline was supported by its maritime and shipping, ports and logistics divisions. Mergers and acquisitions, including that of Spanish integrated logistics company Noatum and Dubai container shipping company Global Feeder […]

The signing ceremony for AD Ports Group's Luanda Port agreement. The 20-year deal is extendable by another 10 years

AD Ports commits $250m to Angola port upgrade

Abu Dhabi Ports Group is investing more than $250 million in a project to upgrade the port terminal at Luanda in Angola.  The company said it hd secured a 20-year concession agreement, extendable by another 10 years, with the Luanda Port Authority for operating and modernising the terminal. In agreements with the Angolan logistics companies […]