AD Ports Group has signed several agreements with Unicargas and Multiparques 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, logistics and transport companies in the country, saw AD Ports acquire an 81% stake in a joint venture that will operate the terminal and a 90% stake in another joint venture that will serve the facility and the broader Angolan logistics market.
AD Ports Group has committed US$251 million towards the modernisation of the terminal and development of the logistics business over the next three years (2024-2026), with this investment potentially increasing to US$379 million over the concession term and in line with market demand.
The Port of Luanda is important in Angola’s domestic economy by handling more than 76% of the country’s container and general cargo volumes. It is well situated to capture the anticipated growth in the country’s container volumes, which are projected to rise at an average annual rate of 3.3% over the next decade.
Ricardo Daniel Sandão Queirós Viegas de Abreu, Angola's Minister of Transport, stated, “The Port of Luanda is not just Angola's main maritime gateway; it is a critical hub for regional trade and economic vitality. Through our strategic partnership with AD Ports Group, which is part of a broader effort involving multiple first-class stakeholders, we will transform the port into a modern, multi-faceted facility that will significantly enhance our logistic capacities and stimulate economic growth across Central-West Africa. This collaboration marks a significant milestone in our mission to modernise infrastructure and expand global trade access, promising a prosperous future for Angola and its partners."
Under the terms of the terminal concession agreement, the joint venture will significantly upgrade the existing multipurpose facility to a container and Ro-Ro terminal, encompassing an enlarged concession area (178,000 sqm to 192,000 sqm); an upgraded quay wall; additional ship-to-shore cranes, gantry cranes and other state-of-the-art equipment; expanded draft (9.5 metres to 16 metres); and, modernised IT systems.
Redevelopment of the terminal is expected to be completed in the third quarter of 2026, ultimately boosting its container handling volumes from 25,000 to 350,000 TEUs, and Ro-Ro volumes to over 40,000 vehicles. During the three-year redevelopment, the terminal’s container volumes will be handled at a nearby berth, while excess volumes will be moved to Multiparques’ Viana inland container depot (ICD).
Furthermore, the Group’s other joint venture with Unicargas will provide integrated logistics and freight forwarding services for local, regional and international clients. The business, to be operated by Noatum Logistics, part of AD Ports Group, will manage the movement of containers to Viana ICD and offer short and long-haul transport within Angola and to the neighbouring countries, leveraging Noatum’s broad global expertise, infrastructure and logistics networks combined with the knowledge, capacities and assets of the local Unicargas team.
