The expansion and enhancement of Port of Karachi are expected to further cement its position as a key player in the maritime industry
AD Ports will hold exclusive rights to invest in and oversee the development, operation, management and maintenance of the New East Mole Port
The new shipyard fabrication facility will cater for drilling rigs and marine assets as well as deep water vessels such as FPSO
The partnership will develop a joint strategy to inform relevant parties and employees about the benefits of the golden visa residency programme, as well as the requirements for eligibility
Land and related services from KEZAD will be allocated for the ‘Mega Hub’, in addition to the development and management of a high-tech handling facility at Khalifa Port
The shipping and logistics group’s revenue in the first three months of the year reached Dhs1.81bn from Dhs1.04 a year earlier
With this expansion, Khalifa Port will expand its range of port and marine logistics services, from container and cargo handling to vessel repairs and maintenance
The acquisition of the new vessels is part of the company’s expansion strategy that is aimed at broadening its portfolio of services
The total purchase consideration for the acquisition of 100 per cent ownership amounts to $26.7m with an upfront payment of $17.1m
The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years
The merger has created Abu Dhabi’s largest integrated staff accommodation company
The service aims to improve commercial connectivity and facilitates trade with Kuwait
The ports operator will develop projects in the ports of East Port Said, West Port Said and Al Areesh
AD Ports Group will invest up to $200m in superstructure and equipment, buildings, and other real estate facilities and utilities’ network inside the concession area
AD Ports said the venture will offer a range of digital solutions to boost service integration and efficiency in Uzbekistan’s logistics market
The agreement will enable collaboration across shipping, logistics, freight forwarding and port management
The new terminal marks the launch of the first of five strategic mega projects planned between AD Ports Group and Aqaba Development Corporation
AD Ports Group’s new agreements in Angola, including the JV with UNICARGAS have the potential to significantly boost Angola’s maritime industry
Throughout 2022, AD Ports Group has continued to build its global presence, signing agreements with port authorities and partners globally
The new joint venture will provide offshore services as well as crude transportation for energy companies operating in the Caspian Sea and the Black Sea
Under the agreement, negotiations are under way for 300,000 sqm of land within Khalifa Economic Zone Abu Dhabi (KEZAD)
The agreement provides consortium the right to develop, manage and operate port and economic zone assets in Sudan
Both companies will collaborate to optimise Agthia’s logistics operations
The two organisations aim on identifying, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa
The combined entity will have an equity value of approximately Dhs 7bn, positioning it as one of the largest such businesses in the UAE
The agreement includes the development of the first net zero carbon administration building to be constructed for the joint venture
Under the agreement, each partner will contribute expertise and technologies to conduct feasibility studies for distributed solar generation at KEZAD
The new container shipping service links Karachi with the region’s major ports within UAE, Saudia Arabia, Egypt, Jordan, Sudan and Djibouti
The bank aims to provide its services to corporate clients and support a range of landmark infrastructure projects in both countries
The partnership will initially focus on managing selected utilities networks, spare parts management and improved customer offerings