16.9 C
Hamburg
Friday, June 6, 2025
Home News AD Ports Group's revenue and profit skyrocket

AD Ports Group’s revenue and profit skyrocket

AD Ports Group announced increased revenues in 2022, reporting a year-on-year 41% spike and reaching US$1.5 billion, while the company’s total net profit grew 51% and climbed to approximately US$350 million.

As part of its development plan, the Group signed seven merger and acquisition transactions totalling US$1.6 billion in 2022.

According to Oxford Economics, AD Ports Group’s fully integrated business strategy, which includes Economic Cities & Free Zones, Ports, Maritime, Logistics, and Digital Clusters, will allow the Group to contribute 13% of UAE non-oil GDP and 24% of Abu Dhabi non-oil GDP in 2022. In addition, the Group has enabled over 373,000 workers in the United Arab Emirates (UAE).

AD Ports Group’s shares produced over 80% profits for stockholders after one year on the ADX and are among the top three performing companies in the area over the same 12-month timeframe.

The Group has also made significant progress in broadening its worldwide presence, with noteworthy acquisitions including a 70% share in Egypt’s Transmar and TCI, an 80% stake in worldwide Feeder Shipping (GFS), and a 100% stake in Noatum.

Furthermore, by establishing the KEZAD Group, AD Ports Group strengthened its position as a dominant force in the global economic landscape. KEZAD, which consists of 12 economic zones spread across a vast region of 550 square kilometres, has grown to become one of the world’s biggest economic zones.





Latest Posts

PIL christens new 8,200 TEU boxship

Pacific International Lines (PIL) named its latest 8,200 TEU LNG dual-fuel container vessel, Kota Ocean, at the PSA Terminal in Singapore. The vessel was named...

Singapore authorities away grounded container barge

Authorities in Singapore have towed away a container barge that ran aground off the resort island of Sentosa this morning (6 June). ...

Zodiac’s car carrier still burning, tugs to arrive on 9 June

Zodiac Maritime has appointed Resolve Marine to carry out salvage work on its burning car carrier, Morning Midas. In a press statement released on 5...

GSTS expands in Europe with world’s first AI-powered collaborative optimisation solution

Global Spatial Technology Solutions (GSTS), a maritime AI company, has announced the expansion of its solution offerings to European markets. GSTS has recently established an...

Capesize S&P activity drops around 48%

Written by Rebecca Galanopoulos, Senior Content Analyst at Veson Nautical Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter rates and...
error: Content is protected !!