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Clean energy powers boost to UAE and Kyrgyzstan trade

Abu Dhabi’s Masdar is looking to develop a pipeline of renewable energy projects in Kyrgyzstan as part of the former Soviet republic’s plans to reduce its greenhouse gas emissions by as much as 44 percent by 2030. A deal signed with the Ministry of Energy of the Kyrgyz Republic last month will begin with a […]

Turkey’s Tosyali and AD Ports eye investments in new port facilities

Abu Dhabi’s AD Ports Group has signed a memorandum of understanding (MoU) with Tosyali Holding Company, which could see joint investment in new port facilities to support Turkey’s largest private steel producer’s export operations. The MoU will “establish the framework on a broad range of shipping, logistics, ports, and freight forwarding services”, AD Ports said in a […]

AD Ports’ new joint venture to target Caspian Sea companies

State-owned AD Ports Group has signed an agreement with Kazakhstan’s KMTF (Kazmortransflot) to provide offshore and shipping services for energy companies in the Caspian Sea, state-run WAM news agency reported. The joint venture, which will be 51 percent owned by AD Ports Group and 49 percent by KMTF, a wholly-owned offshore logistics and services subsidiary of […]

Abu Dhabi’s Kezad set to get $54m recycled paper mill

Khalifa Economic Zones Abu Dhabi (Kezad Group) has signed a 50-year land lease agreement with speciality tissue manufacturer, Star Paper Mill, to establish a new facility to manufacture recycled kraft paper jumbo reels, state-run WAM news agency reported. Under the agreement, Star Paper Mill, in collaboration with RC Paper Machines, will expand its existing capacities […]

Khalifa Port serves more than 25 container shipping lines

Khalifa Port’s owner unveils $1.1bn expansion

The AED4 billion ($1.1 billion) expansion of Khalifa Port in Abu Dhabi was inaugurated on Tuesday, 10 years after the port opened. Sheikh Mohamed Bin Zayed Al Nahyan, the UAE’s president, described the expansion as a major national project that “will further enhance the UAE’s position in the global trade”. The launch comes at the […]

AD Ports awards terminal contracts to Chinese firm

AD Ports Group has signed a contract with China Harbour Engineering Company (CHEC) to develop buildings and topside infrastructure for the CMA Terminals Khalifa Port, the UAE state-owned WAM news agency reported. CMA Terminals is 70 percent owned by French container transportation and shipping firm CMA CGM’s subsidiary, CMA Terminals, while 30 percent is with […]

The solar plant in Uyayna, north of Riyadh

AD Ports and TotalEnergies in deal to develop solar projects

Khalifa Economic Zones Abu Dhabi (Kezad Group), a subsidiary of AD Ports Group, has signed an agreement with TotalEnergies Renewables Distributed Generation Middle East & Africa, an affiliate of French firm TotalEnergies, to explore solar power opportunities at assets across Kezad’s industrial ecosystem, the UAE state-owned WAM news agency reported. TotalEnergies’ Renewables Distributed Generations develops, […]

Abu Dhabi launches smart manufacturing index

A new smart manufacturing index will boost Abu Dhabi’s emergence as a key industrial hub in the Middle East as major international players continue to move into the emirate. The Abu Dhabi Department of Economic Development (Added) has announced the launch of the index to help facilitate private sector players’ transition to industry 4.0 (fourth […]

AD Ports acquires Spain’s logistics firm Noatum for $681m

State-owned AD Ports Group has fully acquired Noatum, a Spain-based integrated logistics company, for AED 2.5 billion ($680.62 million), UAE’s news agency WAM reported. The acquisition will be fully funded through a new acquisition loan. The UAE-based operator of industrial cities and free zones plans to create a global logistics brand, merging its existing logistics […]

Bayanat AI valued its stake at over $170 million after a hugely successful flotation this week

IPO juggernaut Bayanat eyes driverless vehicle acquisitions

Abu Dhabi’s geospatial and data analytics firm Bayanat AI Plc expects its next wave of growth to come from the driverless vehicles segment and is in the market for potential acquisitions. The company this week recorded the best first-day performance of any global stock market listing of at least $100 million this year. It nearly […]