In the past year, AD Ports Group cemented its status as a global leader in trade and logistics through significant international expansion, strategic investments, and innovative solutions. The year was marked by milestones highlighting the company’s commitment to connectivity, operational excellence, and sustainable growth.
A key highlight was the inauguration of CMA Terminals Khalifa Port by crown prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. This new terminal increased Khalifa Port’s capacity by 23%, reinforcing its position as one of the fastest-growing and most efficient ports globally.
Additionally, the Autoterminal Khalifa Port expanded its yard storage by 90,000 square meters, enabling a 30% surge in vehicle traffic.
Global Expansion and Acquisitions
AD Ports Group expanded its international footprint with several strategic moves:
- Secured a 25-year concession at Karachi Port in Pakistan for bulk and general cargo terminals.
- Strengthened its presence in Egypt through agreements to develop cruise terminals and acquisitions, including Safina B.V., adding 15 Egyptian ports to its network.
- Awarded a concession to operate Angola’s Port of Luanda, a critical transshipment hub.
- Jointly acquired Tanzania International Container Terminal Services with Adani.
- Acquired a 60% stake in Tbilisi Dry Port in Georgia, boosting connectivity along the Middle Corridor route.
Innovation and Sustainability
AD Ports Group introduced advanced technologies and sustainable initiatives:
- SAFEEN Subsea launched “SAFEEN Green,” an unmanned vessel for marine surveys, and achieved a Guinness World Record™ with the zero-emission electric tugboat “Bu Tinah.”
- The Digital Cluster, rebranded as Maqta Technologies Group, led digital transformation through key acquisitions like Dubai Technologies and developed global port management systems.
Financial Highlights and Credit Ratings
The Group reported record revenue of US$3.4 billion (AED 12.72 billion) and net profit of US$351 million (AED 1.29 billion) in the first nine months of 2024, with robust growth across core sectors. It also received an A1 credit rating from Moody’s, refinanced its syndicated loan at favourable terms, and expanded its revolving credit facility to US$2.125 billion.
KEZAD Developments
KEZAD Group, a vital component of AD Ports Group, signed major agreements, including a 50-year lease with NMDC Energy for a fabrication facility and UAE-based Titan Lithium for a lithium processing plant. KEZAD also commenced a 250,000 sqm warehouse expansion to meet rising industrial demand.
AD Ports Group’s achievements in 2024 underscore its strategic vision and commitment to innovation, sustainability, and leadership in global trade and logistics.
