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AD Ports Group

AD Ports Group News

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 […]

Lucid EVs

Lucid opens first Saudi showroom as regional EV rivalry hots up

Lucid Group announced the opening of its first showroom in the Middle East, located in Riyadh, Saudi Arabia, as it looks to get ahead of rivals in the regional push for electric vehicles. The Lucid Studio in the heart of the Saudi capital’s Al Nakheel district will offer a “digitally oriented premium experience”, the company […]

Hydrogen

How the UAE and UK can reap multi-billion hydrogen rewards

The UK and UAE could create up to 100,000 new jobs each in the hydrogen sector by maximising opportunities for collaboration, which may also include a joint investment vehicle. A report by the World Green Economy Organisation (WGEO) and UAE-based sustainability consultancy Zest Associates concludes the two countries can become “influential players in this emerging […]

Person, Human, Tie

Lulu Group targets Iraq and Africa ahead of Abu Dhabi IPO

Lulu Group International is planning a listing on the Abu Dhabi Securities Exchange in 2023 and has hired investment bank Moelis & Co to advise it. The supermarket chain, which has its headquarters in Abu Dhabi, also confirmed to AGBI that it will add new outlets to its network as it consolidates in the Middle […]

UAE IPOs

UAE government’s IPO juggernaut raises $13.3bn and counting

A flurry of government-backed initial public offerings (IPOs) on the Dubai and Abu Dhabi stock markets has helped rejuvenate UAE bourses, as local and international investors seek exposure to the country’s buoyant economy.  While Europe and the US fret over soaring inflation and likely recession, and most emerging market currencies wilt versus the dollar, Gulf […]

Khalifa Economic Zones Abu Dhabi Group (KEZAD) will grow emirate's economic free zones

Abu Dhabi sets up KEZAD Group to bolster its industrial ambitions

AD Ports Group has set up a new business, KEZAD Group, to expand its economic cities and free zones offering. KEZAD, which stands for Khalifa Economic Zones Abu Dhabi, merges the operations of Khalifa Industrial Zone Abu Dhabi (KIZAD) and Specialised Economic Zones (ZonesCorp). It operates 12 economic zones with a total area of 550 […]

Dalma Adventur HQ in Abu Dhabi's Industrial City

Factory investments triple in Abu Dhabi

Investment in Abu Dhabi’s active industrial sector has tripled over the past year as the emirate seeks to become a regional manufacturing hub. Latest figures released by Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), showed that the total value of factories that switched to the in-production stage rose […]

Car, Automobile, Vehicle

Abu Dhabi bids to become electric vehicle manufacturing hub

Abu Dhabi today announced plans for its first electric vehicle assembly facility as the emirate looks to join Saudi Arabia and Sharjah in building a regional manufacturing hub for sustainable transport options. KIZAD, part of AD Ports Group’s Economic Cities & Free Zones, has signed a lease agreement with NWTN to establish an assembly plant […]

Gulf ports trump US in global efficiency rankings

Heavy investment has seen the Middle East dominate the top of the rankings of a list of the most efficient container ports in the world, with some Saudi ports up to four times more efficient than their North American rivals. The latest edition of the Container Port Performance Index (CPPI), which was developed by the […]