In 2022, AD Ports Group continued its drive to position Abu Dhabi at the frontier of world trade, by improving and expanding its logistics and services for customers.
Notably, the group has built new strategic relationships within the region and beyond, which has enabled the group to open new trade corridors between the Arabian Gulf, the Indian Ocean, the Red Sea, East Africa, and Central Asia.
“Throughout 2022, AD Ports 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,” said H.E. Falah Mohammad Al Ahbabi, chairman, AD Ports Group.
“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.”
Major acquisitions
As forementioned, the group’s digital subsidiary, Maqta Gateway, played a key role in supporting AD Ports Group’s international expansion in multiple areas, to include its drone collaboration with Emirates Post Group and SkyGo.
But major acquisitions have also played a key role in AD Ports Group’s growth story in 2022. The company completed its first international acquisition in September, acquiring a 70% stake in Egypt’s Transmar and TCI.
This followed with agreements to acquire an 80% stake in Global Feeder Shipping (GFS), which will see the group significantly expand its fleet and container capacity, along with a 100% stake in Spain’s Noatum, a global logistics giant.
Upon completion, these transformational investments alone will consolidate AD Ports Group’s position as a market leader across multiple industries, operating ports and terminals around the world, with a fleet of 175 vessels, a feeder container capacity of around 100,000 teu and a global logistics brand providing specialist services across multiple territories.
