Abu Dhabi Ports acquire MICCO Logistics to help expand operations

Abu Dhabi Ports, part of the ADQ holding company, has acquired MICCO Logistics, it confirmed on Sunday.

Founded in 1978, MICCO Logistics is one of the first local freight forwarders established in Abu Dhabi and one of the first businesses to offer consolidated freight services to the emirate’s oil and gas industry, Abu Dhabi Ports said in a press statement.

MICCO’s ground fleet comprises of more than 350 vehicles and over 350,000 square metres of logistics space, while its 11 logistics facilities across the GCC include 1,500 associates.

The acquisition and added capacity will enable Abu Dhabi Ports to manage all customer touchpoints including sourcing and purchase order management, airline road feeder services, storage order fulfilment and handling solutions, international freight handling through project, commercial and contract logistics, as well as customs clearance, stevedoring (loading and unloading) and local, regional, and international transportation.

We are delighted to announce our acquisition of MICCO Logistics, one of the most experienced and trusted logistics providers in the region. We look forward to extending the highest quality of service to our clients at commercially flexible rates. https://t.co/auFNfGStce pic.twitter.com/PCqhSW2JxO

— Abu Dhabi Ports (@AbuDhabiPorts) September 28, 2020

MICCO was the first logistics company to set up in the Khalifa Industrial Zone Abu Dhabi (KIZAD), and its distribution centre includes several temperature-controlled warehousing services allowing AD Ports to target new opportunities in FMCG and healthcare goods.

“We are collaborating with Abu Dhabi Ports to transform its logistics arm into one of the largest, most capable and most cost-efficient providers of fully integrated and holistic logistics solutions in the UAE and beyond,” said Khalifa Sultan Al Suwaidi, vice chairman of Abu Dhabi Ports and Chief Investment Officer at ADQ.

Captain Mohamed Juma Al Shamisi, group CEO, Abu Dhabi Ports, added:”The acquisition of MICCO is a critical step in our emirate’s journey to establish itself as a leading hub within the global trade and supply chains. The combined advantage of both organisations means that Abu Dhabi Ports will be able to compete on the regional and global stage as a provider of holistic logistics solutions, enhancing what we offer to both existing and prospective customers, while at the same time furthering our contribution to Abu Dhabi’s non-oil GDP and the government’s diversification efforts.”

Read: Abu Dhabi Ports announces expansion of Khalifa Port is on track

Abu Dhabi Ports recently said that plans for its Khalifa Port expansion are on track.

The expansion, which was announced in December 2019, has resulted in 200 metres of quay wall and nearly 175,000 square metres of land within Khalifa Port Logistics (KPL) handed over ahead of the project’s full phase one completion slated for Q1 2021.