What's Hot

    Gameball raises USD 3.5 million in funding

    February 8, 2023

    Tawseel secures investment from Numu Capital

    February 7, 2023

    Google launches Women Founders Africa Program

    February 6, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      Hyosung Heavy Industries to start construction on South African energy storage project

      December 12, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Free trade: Qatar and Morocco conclude second round of talks

      January 31, 2023

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Social investment platform InvestSky raises USD 3.4 million

      Business Entrepreneurship Finance January 12, 2023
      Recent

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023

      African startups face challenges in 2023

      January 10, 2023

      MENA startups raised USD 125 million in December

      January 6, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business & Trade

    AD Ports Group reports strong growth

    January 3, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    AD Ports Group
    Captain Mohamed Juma Al Shamisi, MD and group CEO, AD Ports Group, said, “AD Ports Group is actively transforming key industries worldwide.”
    Share
    Facebook Twitter LinkedIn Pinterest Email

    AD Ports Group reports an increased global presence and new agreements with port authorities and global partners.

    AD Ports Group, Abu Dhabi’s national logistics and trade organization, has reported a significant extension of its international reach in its first year as a publicly traded company. At the beginning of 2022, the Group was listed on the Abu Dhabi Securities Market (ADX).

    AD Ports Group: Expanding its international reach

    According to AD Ports Group, it has worked to expand its global reach, working with partners around the world and acquiring interests in a wide range of firms. The Group has signed agreements to develop ports in Egypt, Tanzania and Somalia.

    The Group has also created new strategic partnerships in the MENA region and beyond, allowing it to open new trade corridors. Working through partnerships and through the extension of shipping routes, the Group is now working in the Arabian Gulf, the Indian Ocean, the Red Sea, East Africa, and Central Asia.

    Acquisitions

    The Group undertook a series of acquisitions over 2022. In September, the Group acquired a 70 per cent stake in Egypt’s Transmar and TCI, and followed that with agreements to acquire an 80 per cent stake in Global Feeder Shipping (GFS). The Group also acquired a 100% stake in Spain’s Noatum, a global logistics giant.

    The year was rounded out with the news that Abu Dhabi’s flagship deep water port, Khalifa Port, would be expanded.

    An evolution of service

    Falah Mohammad Al Ahbabi, chairman, AD Ports Group, said, “Throughout 2022, the Group has demonstrated its consistent efforts to evolve the services we offer to customers, while supporting Abu Dhabi’s aims to be a leading global hub for trade and logistics. The Group is proud to have delivered a remarkable growth story in 2022, expanding our global connectivity through new trade corridors, and becoming a truly global company through organic growth and international acquisitions. As we work to further develop infrastructure across assets in the UAE and beyond, our objective is to position the company as a global enabler that supports industrial growth and contributes to our leaders’ strategic aims to diversify the UAE economy.”

    Captain Mohamed Juma Al Shamisi, MD and group CEO, AD Ports Group, said that 2022 has been a strong and historic year, and that “we are proud to have shown a consistent drive to advance our business model and operations. AD Ports Group has evolved from a key contributor to Abu Dhabi’s economy into a publicly listed entity with an expanding global reach that is actively transforming key industries worldwide”.

    Abu Dhabi AD Ports Group Africa logistics trade
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleMahaseel Masr aims to shake up regional agriculture
    Next Article African startups: 5 key trends from 2022

    Related Posts

    Business Innovation

    Gameball raises USD 3.5 million in funding

    February 8, 2023
    Business Innovation

    Google launches Women Founders Africa Program

    February 6, 2023
    Business

    Paymob and Khazenly enter partnership

    February 1, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Gameball raises USD 3.5 million in funding

    February 8, 2023

    Tawseel secures investment from Numu Capital

    February 7, 2023

    Google launches Women Founders Africa Program

    February 6, 2023

    Zurich Innovation Championship goes live

    February 3, 2023

    MNT-Halan valued at USD 1 billion

    February 2, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.