Agreements with Unicargas, Multiparques, and the Luanda Ports Authority Extend the Group's Presence Along the Important Asia to Southern and West Africa Trade Lane New Joint Venture to modernise local and regional logistics services Abu Dhabi, UAE/ Luanda, Angola – 23 April 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has signed several agreements with Unicargas and Multiparques leading to securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade of the existing Luanda multipurpose port terminal in Angola. The agreements with Unicargas and Multiparques, well-known logistics and transport companies in the country, saw the Group acquire an 81% stake in a joint venture that will operate ......read more

Abu Dhabi, UAE – 19 April 2024: AD Ports Group, the leading facilitator of global trade, logistics, and industry, has announced today that its Ports Cluster is expanding its business remit to the global distribution of marine lubricants. The announcement came following a strategic agreement inked with ADNOC Distribution, the UAE's leading manufacturer of marine and automotive lubricants. Under the terms of the agreement, the Ports Cluster will leverage its connections and advanced infrastructure to distribute high-demand, global standard lubricants, to customers in the UAE during the initial stages, which will then be broadened to encompass a global footprint of distribution. Both parties have agreed to jointly work on expanding the global marine lubricants market due to its significant importance for the shipping and ......read more

Abu Dhabi, UAE – 17 April 2024: AD Ports Group (ADX: ADPORTS), a leading global facilitator of logistics, industry and trade, has announced the establishment of its 'Youth Council' in coordination with the Federal Youth Authority, in line with the directives of the UAE's wise leadership to support the youth of the UAE, to unleash their potential and capabilities, consider investing in their skills and enabling them to occupy leading positions, as national priority to continue the sustainable development journey witnessed in the country. The AD Ports Group's Youth Council will act as an incubator for youth creativity, developing initiatives and projects related to the Group's business, empowering and developing their talents, and consolidating values that are commensurate with the Group's ......read more

The agreement aims to stimulate trade connectivity and strengthen economic partnership between the UAE and Iraq Baghdad, Iraq/ Abu Dhabi, UAE – 03 April 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics and industry, today entered into a preliminary agreement with the General Company for Ports of Iraq ("GCPI"). Under the terms of the agreement, both parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. Furthermore, the agreement also encompasses the potential investment, management, and operation of ports, economic zones, and related infrastructure in other cities in the Republic of Iraq. The agreement was signed in the presence of His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, ......read more

The panels are spread across two sites in Abu Dhabi aimed at reviving marine life on developed shorelines Abu Dhabi, UAE – 29 March 2024: AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry and Archireef, a pioneering nature-tech company, today announced the deployment of Eco Sea Wall Panels at two locations in Abu Dhabi, Al Aliah Ferry Terminal and Saadiyat Marina and Ferry Terminal with the aim to attract marine biodiversity back to shorelines that have undergone development works. The Eco Sea Wall Panels, which are made from nature-based materials including oyster shell powder, are installed as proof of concept across two sites in Saadiyat Island and Al Aliah respectively in partnership with Abu Dhabi Maritime, who are developing and managing the terminals. Operating under AD ......read more

Purchase Agreement Strengthens the Group's Role in the Middle Trade Corridor Connecting Asia to Europe Abu Dhabi, UAE and Tbilisi, Georgia – 22 March 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, today announced the signing of a purchase agreement with Inveco LLC to acquire 60% ownership in the Tbilisi Dry Port, a new custom-bonded and rail-connected intermodal logistics hub in Georgia. The project, currently owned by Inveco LLC and Wilhelmsen, is expected to be operational by Q4 2024. It is a key logistics hub situated along the strategically important Middle Corridor - an emerging trade lane linking manufacturing hubs in Western Asia to consumer markets in Eastern Europe by leveraging a combination of sea and dry ports located in Kazakhstan, Azerbaijan, Armenia, ......read more

Dubai, UAE, 08 February 2024: Emirates Post, the UAE's official postal services provider and the postal arm of 7X, signed a strategic partnership agreement with Qatar Postal Services Company ‘Qatar Post,’ the national postal services provider of Qatar to facilitate e-Commerce shipping operations between both countries. HE Abdulla Mohammed Alashram, Group CEO of 7X, and HE Falah bin Mohammed Al-Naemi, Chairman and Managing Director of Qatar Post, signed the agreement during a ceremony held at Qatar Post's Headquarters. In accordance with this agreement, both parties will work together to deliver goods purchased from online merchants in the UAE within Qatar, all via the Qatar Post-owned ‘CONNECTED’ platform. Emirates Post will oversee the shipping of products to Qatar Post by air, as well as provide ......read more

Abu Dhabi, UAE – 03 February 2024: AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics, and industry, today announced the signing of a new concession agreement for Bulk and General Cargo operations with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi.    Under the terms of the 25-year concession agreement, Karachi Gateway Terminal Multipurpose Limited (KGTML), a Joint Venture between AD Ports Group, as a majority shareholder, and Kaheel Terminals, a UAE-based company, will develop, operate and manage the Bulk and General Cargo terminal berths 11-17 at Karachi Port's East Wharf, further enhancing Karachi's position as a key player in the maritime industry.   This agreement builds upon the concession ......read more

Closing of the transaction marks Noatum’s strategic leap in the European automotive logistics industry Abu Dhabi, UAE – 31 January, 2024: AD Ports Group (ADX: ADPORTS), one of the world’s premier facilitators of logistics, industry, and trade, announces that Noatum, which leads its Logistics Cluster operations, successfully closed the acquisition of 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value - EV) of EUR 81 million. The acquisition, which was approved by all relevant European regulators and closed today, solidifies Noatum's commitment to providing comprehensive solutions across the entire logistics value chain in the automotive industry. The acquisition implies a trailing ......read more

Abu Dhabi Knowledge Bridge (ADKB) is poised to empower individuals, corporates, and government departments with essential and most-demanding skills and knowledge in the region Abu Dhabi, UAE – 26 January 2023: AD Ports Group, (ADX: ADPORTS) a global leader in logistics, industry, and trade, has launched the Abu Dhabi Knowledge Bridge (ADKB), an education centre aimed at transforming corporate training and professional development across Abu Dhabi and the wider region.   ADKB's programmes of study are strategically designed to address the skills gap in the professional workforce. It offers an extensive array of training syllabi that span various industries and disciplines, with modern methodologies, encompassing practical hands-on exercises, interactive workshops, multimedia content, simulations, and capstone ......read more

Agreement paves the way for Maqta Gateway's international ambitions to export its port digitalisation solutions Abu Dhabi, UAE– 25 January 2024:  Adding pace to its strategic plan of enhancing maritime and tourism in Aqaba, AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics and industry, announced today the signing of the shareholders' agreement between its digital arm, Maqta Gateway, and the Aqaba Development Corporation (ADC) with regards to their existing joint venture company, Maqta Ayla. Maqta Gateway will have a 51 per cent stake in Maqta Ayla, while ADC will own 49 per cent.   The joint venture company will revolutionise Aqaba's port operations by implementing a Port Community System (PCS) that leverages Maqta Gateway's expertise, also marking the first-ever export of Abu ......read more

Total investment of US$ 3 million over the duration of the concessions Abu Dhabi, UAE – 05 January 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry today initialled a 15-year concession agreement with the Red Sea Port Authority (RSPA), to operate and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports. The agreement also encompasses the renovation of the Sharm El Sheikh terminal, with the ultimate aim of enhancing the cruise tourism experience in Egypt. A definitive concession agreement is expected to be concluded in the first quarter of 2024, subject to regulatory approvals. The concession agreement was initialled in the presence of His Excellency Lieutenant-General Eng. Kamel El Wazir, Egypt’s Minister of Transport, by Major General Mohamed ......read more

AD Ports Group’s Surging Growth Supported by Major Acquisitions, Robust Financial Results and Sustainable Development Abu Dhabi, UAE – 01 January 2024: In a transformative year marked by unprecedented global expansion and strategic acquisitions, AD Ports Group (ADX: ADPORTS) has further cemented its position as one of the world’s leading facilitators of global trade and logistics. The year has been pivotal in enhancing the Group’s connectivity, capacity, and international presence, underscoring a commitment to drive sustainable innovation and excellence across the global trade and logistics sector. The year began with the inauguration of the Aqaba Cruise Terminal, the first-of-its-kind facility in Jordan and concluded with the signing of a definitive concession agreement with the Red Sea Ports Authority ......read more

Abu Dhabi, UAE – 28 December 2023: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry has completed a comprehensive environmental and social impact assessment (ESIA), as part of their 30-year concession agreement with the Red Sea Port Authority (RSPA) for the development and operation of a state-of-the-art multi-purpose terminal at Safaga Port.  The ESIA was conducted using diverse scientific methodologies, complying with Egypt's national regulations and International Requirements, including Egypt's Law No. 4 of 1994 for environmental protection, the IFC Performance Standards, and the World Bank Group’s EHS Guidelines. Highlighted within the assessment’s findings were the significant benefits of the project, including economic growth through stimulating local ......read more

Capt. Mohamed Juma Al Shamisi: This is a significant milestone in line with the vision of the wise leadership to strengthen trade ties between UAE and Egypt. Abu Dhabi, UAE – 27 December 2023: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (“RSPA”) for the development and operation of a multi-purpose terminal at Safaga Sea Port. Following the Government of Egypt’s approval, this significant milestone reaffirms the strong trade ties between the United Arab Emirates and the Arab Republic of Egypt. The definitive agreement was signed at the Egyptian Cabinet headquarters in Cairo in the presence of His Excellency Dr. Mostafa Madbouly, Egypt’s Prime ......read more

Hub encourages collaboration to drive industry growth Abu Dhabi, UAE – 26 December, 2023: Abu Dhabi Maritime, part of AD Ports Group, working in cooperation with the Integrated Transport Centre - Department of Municipalities and Transport (DMT), has announced the official launch of Maritime Hub Abu Dhabi, www.maritimehub-ad.com a platform to bridge the gap between public and private stakeholders to connect and strengthen the maritime sector. At a town hall event attended by representatives from numerous areas across the maritime industry, participants were apprised of the benefits the Maritime Hub intends to bring to the sector and were provided with insights on topics including Abu Dhabi’s Industrial Strategy, presented by the Department of Economic Development (DED), Maritime Sustainability Passport by ESG Plus, and ......read more

Accreditation acknowledges clarity of vision and high-performing culture that consistently prioritises a healthy and highly productive work environment Abu Dhabi, UAE – 20 December 2023: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry has proudly announced that it has, once again, achieved the prestigious platinum accreditation from Investors in People® (IIP) and will hold this accreditation for 3 years. This remarkable achievement marks the second consecutive time the Group has been awarded this global recognition, reinforcing its position as a global leader, consistently demonstrating an unwavering commitment to its people and sustainable practices in human capital management.  AD Ports Group was the first in the Middle East to achieve IIP’s Platinum Accreditation ......read more

Abu Dhabi, UAE – 3rd  December 2023: AD Ports Group (ADX: ADPORTS), one of the world’s leading facilitators of global trade, logistics, and industry, and the Vietnam Maritime Administration (VINAMARINE), a government authority managed by the Ministry of Transport of Vietnam, have today announced the signing of a Memorandum of Understanding (MoU), which would pave the way for a dynamic partnership focused on bolstering commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones, maritime and shipping. The MoU was signed in the presence of Pham Minh Chinh, Prime Minister of Vietnam and H.E Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, by Mohamed Eidha Al Menhali, Regional CEO of AD Ports Group and Mr. Hoang Hong Giang, Deputy ......read more

Abu Dhabi, UAE – 21 November 2023: In an era marked by complex geopolitical challenges, ports operators that provide a broader, deeper, and more sophisticated range of services, moving beyond simply handling in-port cargo and containers, will thrive no matter how fraught those geopolitical stresses become. That was a key finding from a new whitepaper unveiled by AD Ports Group (ADX: ADPORTS), on Navigating Geopolitical Shifts: Strategies for Ports in an Uncertain World.  The whitepaper was launched following the conclusion of the landmark International Association of Ports and Harbors (IAPH) World Ports Conference - Abu Dhabi 2023, hosted by AD Ports Group, the leading facilitator of global trade, logistics, and industry, held, for the first time ever, in the Middle East Region.  At a time when traditional ......read more

• Q3 2023 Revenue grew by 189% YoY to AED 4.24 billion, driven by Noatum consolidation as well as the Maritime & Shipping and EC&FZ clusters (+113% YoY on a LFL basis) • Q3 2023 EBITDA increased 28% YoY to AED 759 million (+2% on a LFL basis), implying an EBITDA margin of 17.9% • Q3 2023 Total Net Profit increased 20% YoY to AED 403 million • Continued strong volume growth: +19% YoY for Container volumes, +25% YoY for General Cargo volumes, +651% YoY for Ro-Ro volumes, +30% YoY for Feedering Container volumes, +5% YoY and -28% YoY for Ocean and Air Freight volumes, and +10% YoY for Polymers volumes • In EC&FZ, 0.4 sq km (net) of new land leases were added during the quarter while warehouse leases soared 66% YoY • Freight rates normalised close to pre-COVID19 levels in H1 2023 and ......read more

Acquisition signifies an increase of circa 20% in offshore & subsea capacity for the Group, boosting Middle East and Southeast Asia operations. Abu Dhabi, United Arab Emirates – 07 November 2023: AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics and industry, today announced the purchase of 10 offshore vessels, that will bolster offshore operations in the Middle East and Southeast Asia.  The investment is around US$200 million, into a well-maintained, diversified fleet with an average age of around 9 years, significantly less than the industry average. All 10 vessels are expected to be delivered in Q4 2023 with financial consolidation taking place from Q1 2024 onwards. The acquisitions, from international Offshore Supply Vessel owner and operator E-NAV, encompass a variety of offshore vessel ......read more

• Etihad Cargo will offer additional belly hold cargo capacity via 90 new passenger flights as part of the airline's winter schedule and offering 29 weekly flights to new destinations.    • The airline will launch new passenger routes, including Düsseldorf, Copenhagen, Osaka, Kozhikode, and Thiruvananthapuram, expanding Etihad Cargo's reach into key markets.   • Etihad Cargo will also provide additional belly hold cargo capacity via the introduction of increased passenger flight frequencies to Munich, Rome, Madrid, Milan, Beijing, Shanghai, Chennai, Kochi, Islamabad, the Maldives, Phuket and Cairo.     Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, will offer customers and partners more belly hold cargo capacity ......read more

Abu Dhabi, United Arab Emirates, 7 February 2023:  Khalifa Port, Abu Dhabi’s flagship deep-water port, has set a new Guinness World Records™ title for assembling the Largest shipping container logo/image. The Khalifa Port team assembled 676 containers in the shape of AD Ports Group’s logo at its South Quay to earn the new Guinness World Records™ title. The total length of the logo formed by the containers was 1,000.4 metres, while the width reached 174 metres. This record nearly doubles the previous standard, set by Singapore’s Tanjong Pagar Terminal in 2017 with 359 containers. Commenting on this record-setting success, Saif Al Mazrouei, Chief Executive Officer, Ports Cluster at AD Ports Group said: “We are proud of this remarkable achievement. Setting a new Guinness World ......read more

• Etihad Cargo has achieved 80.5 per cent OTP for freighter departures and 84.1 per cent OTP for freighter arrivals, ahead of its 80 per cent target   • The carrier surpassed its 85 per cent DAP target, achieving 86.6 per cent   • PharmaLife performance continued to outpace previous years, driven by the launch of new product features, a commitment to world-class standards and the establishment of Pharma Corridor 2.0   • 6 per cent more horses were moved via the carrier’s SkyStables product compared to the previous year   • The carrier received 25 awards in 2022 in recognition of its operational performance and contribution to pharmaceutical transportation, innovation, sustainability and CSR within the air cargo sector   Abu Dhabi, United Arab Emirates ......read more

• Consolidated Revenues of $27.0B, Down 2.7% from Last Year • Consolidated Operating Margin of 11.8%; Adjusted Consolidated Operating Margin of 14.1% • Diluted EPS of $3.96; Adjusted Diluted EPS Up 0.8% Over Last Year to $3.62 • Declares a Quarterly Dividend of $1.62, a Per Share Increase of 6.6%, and Authorizes a New $5B Share Repurchase Program, Replacing the Existing Authorization   January 31, 2023 – UPS (NYSE:UPS) today announced fourth-quarter 2022 consolidated revenues of $27.0 billion, a 2.7% decrease from the fourth quarter of 2021. Consolidated operating profit was $3.2 billion, down 17.9% compared to the fourth quarter of 2021, and down 3.3% on an adjusted basis. Diluted earnings per share were $3.96 for the quarter; adjusted diluted earnings per share of $3.62 were 0.8% above the ......read more

Agreement Opens Opportunities for Collaboration on Shipping, Logistics, Freight Forwarding and Port Management    Abu Dhabi, UAE – 25 January 2023: AD Ports Group (ADX: ADPORTS) the leading facilitator of global trade, logistics, and industry, has signed a Memorandum of Understanding (MoU) with Tosyalı, one of Turkey’s largest private steel producers, which has operations in three continents. The MoU looks to establish the framework for AD Ports Group to collaborate with Tosyalı on a broad range of shipping, logistics, ports, and freight forwarding services, including potentially jointly investing in new port facilities to support its export operations.   With 30 manufacturing plants, including associates and joint ventures in Turkey, Algeria and Angola, Tosyalı has an annual ......read more

• A joint project by AD Ports Group and Aqaba Development Corporation to bolster the coastal city’s position as a regional tourism centre and gateway for travellers visiting the Red Sea • H.E. Sheikh Khalifa Bin Mohammed Bin Khalid Al Nahyan, UAE Ambassador to Jordan, and H.E. Tawfiq Kreishan, Deputy Prime Minister and Minister of Local Administration Inaugurate Aqaba Cruise Terminal    Abu Dhbai, United Arab Emirates – 23 January 2023: Under the patronage of Prime Minister H.E. Dr. Bisher Khasawneh, H.E. Sheikh Khalifa Bin Mohammed Bin Khalid Al Nahyan, UAE Ambassador to Jordan, and H.E. Tawfiq Kreishan Deputy Prime Minister and Minister of Local Administration in Jordan, inaugurated the first and only cruise terminal in Aqaba today, coinciding with the arrival of the cruise vessel MSC Splendida ......read more

• Etihad Cargo has enhanced its customer service offering, restructuring its existing Customer Contact Centre team into two separate units focused on the UAE and the rest of the world   • As the latest step in Etihad Cargo's continuous improvement journey, the realignment of customer service operations aims to enhance the customer experience, improve response times and provide 24/7 support   Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has reinforced its commitment to customer service excellence through the restructuring of the carrier's Contact Centre Team.    To improve global customer service response times and support the UAE team to enable it to improve business conversion, Etihad Cargo has created two separate ......read more

Head of Terms Agreement will Establish a New Joint Venture to Manage Multipurpose Terminal at the Port of Luanda with UNICARGAS and Potential Collaboration on Port Development with the Ministry of Transport of the Republic of Angola     Abu Dhabi, UAE – 19 January 2023: AD Ports Group (ADX: ADPORTS) has continued its sustained strategy of global expansion, signing key strategic agreements with Angolan organisations to enhance maritime connectivity along Africa’s west coast.  In the presence of Sheikh Shakhbout bin Nahyan Al Nahyan, Minister of State during Abu Dhabi Sustainability Week 2023, AD Ports Group entered into a framework agreement with the Ministry of Transport of the Republic of Angola to begin collaboration on the development of maritime services and infrastructure across the ......read more

• From 2 February 2023, Etihad Cargo will operate an additional direct freighter service to Shanghai, bringing the total number of freighter flights to eight per week    • Etihad will also introduce an additional passenger flight to Shanghai from the same week, bringing the total cargo capacity out of Shanghai to 850 tons per week and the total number of direct passenger flights between Abu Dhabi and China to five per week   Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, will further expand its capacity offering to the Chinese market with the introduction of an additional weekly Abu Dhabi – Shanghai freighter flight from 2 February 2023.   The additional freighter service to Shanghai will increase the carrier’s weekly ......read more

Following seven wins across its integrated clusters at the Harvard Business Council International Awards 2022, AD Ports Group celebrates its employees’ consistent commitment to excellence   Abu Dhabi, UAE – 22 December 2022: AD Ports Group has been awarded 7 Harvard Business Council International Awards achieving top winner status for the 2022 second cycle. Out of all participants, AD Ports Group stood out as their result scores were the highest of all other entities that entered the competition.   The Harvard Business Council International Awards is the global standard for total quality management and continuous improvement. This platform offers organisations from around the world the opportunity to tell their success stories of achieving organisational excellence, adopting best practices and providing services ......read more

Agreements Open Negotiations for Land in KEZAD to Establish a Logistics Hub and Customs Zone, and the Development of a Single-Window Solution and Other Digital Services in Kyrgyzstan   Abu Dhabi, UAE – 14 December 2022:  AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, has signed two major agreements with the Government of Kyrgyzstan to promote trade and strengthen economic ties with the Central Asian nation. Under the first agreement, the Ministry of Economy and Commerce has entered negotiations with AD Ports Group to secure more than 300,000 square metres of land within the Khalifa Economic Zone Abu Dhabi (KEZAD) to develop and operate a logistics hub and customs area. Based within KEZAD’s Free Zone, the project will facilitate the import and export of cargo to ......read more

• Etihad Cargo's partner, DSV, has become the carrier's first transport and logistics partner to purchase sustainable aviation fuel (SAF) to offset the carbon emissions of its shipment   • Etihad's first NetZero transatlantic flight from Washington Dulles to Abu Dhabi utilised SAF combined with SAF Book & Claim, demonstrating the potential to utilise current technology to achieve net-zero aviation   • The NetZero flight, operated with Etihad's Boeing 787 "Greenliner" programme, incorporated SATAVIA technology to prevent warming aircraft contrails   Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced that DSV Global Transport and Logistics has become the carrier's first partner to purchase ......read more

• Etihad Cargo has been awarded CEIV Pharma Recertification by IATA following a rigorous audit of the carrier's QMS, processes and procedures, and also the carrier’s hub infrastructure and equipment.   • IATA CEIV Pharma recertification demonstrates Etihad Cargo's adherence to IATA TCR, WHO guidelines, EU GDP and other pharmaceutical regulations.   • Since first achieving IATA CEIV Pharma certification in 2019, Etihad Cargo has introduced new features for its PharmaLife product, which currently connects more than 1,330 CEIV Pharma and GDP Pharma-certified trade lanes, ensuring all pharmaceutical shipments are safe and secure at every stage of the journey.   • Etihad Cargo’s compliance to CEIV Pharma standards spans operations in its existing and upcoming facilities, ......read more

AED 2.5 Billion Strategic Investment also Offers Exposure to Maritime Activities in the Mediterranean Region and Port Facilities in Spain    Abu Dhabi, UAE – 18 November 2022:  AD Ports Group (ADX: ADPORTS) today announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries and LTM revenue and EBITDA of AED 6.91 billion (EUR 1.80 billion) and AED 555 million (EUR 145 million), respectively.  The total purchase consideration (Enterprise Value) for 100% ownership amounts to AED 2.5 billion (EUR 660 million), implying an LTM EV/EBITDA of 4.6x. This value and earnings accretive acquisition, which significantly broadens AD Ports Group’s global footprint and positions it among the leading logistics and freight forwarding companies in the world, will be fully ......read more

AED 2.9 billion Strategic Investment Expands Feeder and NVOCC Services Globally, Offering Unrivalled Regional Network   Abu Dhabi, UAE – 3 November 2022: AD Ports Group (ADX: ADPORTS) today announced that it has signed an agreement to acquire an 80% equity stake in Dubai-based Global Feeder Shipping (GFS), a global container shipping company.  The total purchase consideration for the 80% stake amounts to AED 2.9 billion (US$ 800 million), implying a 100% Enterprise Value of AED 3.7 billion (US$ 1.0 billion), with the acquisition being fully funded through a new acquisition loan. This earnings and value-accretive strategic investment significantly broadens AD Ports Group’s global feeder shipping footprint and contributes to its long-term strategy to become one of the world’s premier short-sea and feeder ......read more

 ‘SAFEEN Surveyor’ will support subsea inspection, repair, and maintenance works   Abu Dhabi, UAE - 21, October 2022: SAFEEN Group’s offshore division, part of AD Ports Group, has announced the acquisition of a support vessel to enhance the Group’s subsea service capabilities. Built in 2014, the vessel will operate under the name ‘SAFEEN Surveyor’ and will undergo an extensive conversion prior to commencing operations, including installation of an integrated dive system to support pipeline repair and maintenance.   The vessel has a successful track record in projects in the Middle East, where it has provided a range of support services including subsea inspection, repair and maintenance (IRM), and remotely operated vehicle (ROV) works.  ‘SAFEEN ......read more

Abu Dhabi, 17 Oct. 2022: Al Seer Marine (ADX: ASM), a global player across multiple marine sectors and a subsidiary of International Holding Company (IHC), has entered a strategic joint venture with the leading maritime solutions Dutch company, Damen Shipyards and DTec Industries, a global pioneer in the industrial partnerships and financial services based in Singapore, respectively. The Joint Venture between the companies will combine the best maritime talent in the industry and help position the UAE as the industry center of excellence. Working with regional partners in the Middle East and those in the international community, the strategic joint venture will implement their key success formulas to ventures and local partnerships to successfully sell, build and maintain high-quality, innovative, and cost-effective marine vessels in ......read more

• New ADQ FWD paper identifies key investment areas to accelerate digital capabilities in the logistics industry • UAE logistics market on upward trajectory with projected 8.41 percent growth by 2026* • Catalysts for digital transformation within the industry include digitized customer interactions, improved operational efficiencies, enhanced data ecosystems, increased door-to-door business and public-private partnerships   Abu Dhabi, UAE – 04 October 2022: ADQ, an Abu Dhabi-based investment and holding company, today published its ADQ FWD paper, which examines the opportunities and areas for investment to accelerate digital capabilities in the logistics industry in the UAE, promoting economic competitiveness and sustainable growth in the region.    With the UAE’s logistics ......read more

120 industry experts, academics and policy makers from 21 countries converge on UAE’s capital to Address Key Pharma Logistics and Supply Chain Challenges Abu Dhabi, 5 September 2022: The second edition of the International Pharma Logistics Masterclass is taking place at Khalifa University in Abu Dhabi this week, where 120 participants will gather for a five-day intensive programme of presentations, debates and practical workshops focused on key challenges for pharma logistics and pharma supply chains.   This year’s edition is a unique international joint initiative  organized by the HOPE Consortium, Khalifa University of Science and Technology, the University of Antwerp and Pharma.Aero. With the full support and active contribution of the Department of Health – Abu Dhabi (DoH), the collaboration brings ......read more