The total purchase consideration for the acquisition of 100 per cent ownership amounts to $26.7m with an upfront payment of $17.1m
The service aims to improve commercial connectivity and facilitates trade with Kuwait
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
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
The agreement provides consortium the right to develop, manage and operate port and economic zone assets in Sudan
Khalifa Port has grown from 2.43 square kilometre to 8.63 square kilometre, while its quay wall has been significantly extended from 2.3km to 12.5km
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
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
Subject to regulatory approvals, the transaction is expected to close in the first half of 2023
ADIO will provide noon with financial and non-financial incentives to expand operations in Abu Dhabi
The bank aims to provide its services to corporate clients and support a range of landmark infrastructure projects in both countries
The trial programme will deploy aerial drones to carry parcels and documents to specified Emirates Post sites across Abu Dhabi
Safeen Feeders, a subsidiary of Safeen Group, will manage the entire project, providing three very large crude carriers and one medium-range tanker
The two companies are expected to initially commit approximately Dhs463m for the investment into five ships
Once ready, the new terminal will have an initial capacity of 1.8 million TEUs
The launch of KEZAD Group opens new opportunities to scale up adjacent businesses such as KEZAD Communities, which provides integrated solutions for staff residential communities
The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International
The company launches first services to Southeast Asia, adding vital new trade routes for the UAE
The MoU will also boost Hayat Biotech’s global logistics and distribution activities through AD Ports Group’s logistics network, which includes its cold and ultra-cold pharma hub based in KIZAD
AD Ports Group will establish its first foreign office in Uzbekistan to support the project
The report cites the use of digital technology and green fuel alternatives as two of the major ways that countries are modernising their ports
The group reported Dhs1.047bn in revenue for Q1 2022, posting 15 per cent year-on-year growth
The agreement includes AD Ports as part of a consortium that will develop, operate and manage a multi-purpose terminal in Safaga Port