Skip to content Skip to Search
Skip navigation

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

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 Group
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

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 ports operator said in a statement on Monday.

AD Ports Group owns 30 percent of the joint venture, which will be based in Kezad – Khalifa Economic Zones Abu Dhabi.



“Our partnership with Adani Ports and East Harbour Terminals Limited is the beginning of a wider collaboration in Tanzania,” said Mohamed Juma Al Shamisi, managing director and group CEO of AD Ports Group.

He added that the joint venture aims to leverage its combined know-how and expertise to develop infrastructure in Tanzania and support its economic growth.

Tanzania International container terminal 2 at Dar es Salaam Port has an annual container capacity of 1 million twenty-foot equivalent units (TEUs). It handled 0.82 million TEUs in 2023, representing 83 percent of Tanzania’s total container volumes.

In April, AD Ports announced it is investing more than $250 million in a project to upgrade the port terminal at Luanda, Angola. 

Last month, the group reported that revenue for the first quarter of 2024 more than doubled year on year to AED3.9 billion, supported by its maritime, shipping, ports and logistics divisions.

Latest articles

Shoppers choose vegetables in Istanbul; inflation means people are spending on essentials

Turkish retailers’ confidence wavers as inflation bites

Confidence is falling among Turkish retailers, according to a survey from the country’s statistics agency Turkstat. Shoppers have been scaling back on big-ticket purchases, spending instead on basic consumer goods as inflation piles pressure on household incomes. May’s business confidence report, released by Turkstat on June 24, showed sentiment in the retail sector at its […]

Water is handed out to pilgrims in Mecca. Hundreds of pilgrims without a Hajj permit died during extreme heat last week

Egypt shuts down 16 travel companies after Hajj tragedy

Egypt has withdrawn the operating licences of 16 travel companies for organising unlicensed Hajj trips to Saudi Arabia. A statement from the Egyptian government said the companies would be prosecuted and fined, with the funds used to compensate pilgrims’ families for their loss.  Hundreds of Egyptians were among 1,301 people who died of exposure to […]

A floating production unit in Israel's Karish gas field in the eastern Mediterranean. Carlyle is creating a new oil and gas company to manage the field

New Carlyle entity to manage East Med gas projects

Carlyle, the Nasdaq-listed private equity company, is creating a new oil and gas company to manage recently-acquired assets in the Mediterranean hydrocarbons market. The new as yet un-named entity will be led by former BP CEO Tony Hayward and will manage a portfolio of gas-weighted exploration and production assets in Italy, Egypt and Croatia, according […]

Spinneys plans to open another 12 stores in Saudi Arabia by 2028

Spinneys opens first Saudi supermarket in Riyadh

Spinneys has opened its first supermarket in Saudi Arabia and is planning a further 12 stores in the country by 2028. The UAE supermarket operator listed on the Dubai Financial Market last month and raised AED1.38 billion ($375.7 million) from its initial public offering, which was oversubscribed almost 64 times. The first Spinneys in Saudi […]