The agreement aims to stimulate trade connectivity and strengthen economic partnership between the UAE and Iraq
The port offers direct rail links to Turkey, Georgian ports, and ultimately Black Sea ports in Bulgaria and Romania. Additionally, it has eastward connections to Caspian Sea ports via Azerbaijan
Revenue growth was driven by the Maritime & Shipping (M&S), Ports, Logistics, and Digital Clusters, with M&S contributing the most
The collaboration will see AD Ports Group investing $3m over 15 years in the management and operation of the three cruise terminals to provide new services, improve access for cruise operators and add new itineraries
The upcoming cruise season promises significant growth with Abu Dhabi Cruise Terminal slated for 126 calls, starting from November 1.
The deal implies an enterprise value to EBITDA ratio of around 3.5x based on the company’s last twelve months performance to August 2023
The group’s net profit increased by 3 per cent year-on-year to Dhs310m in Q2 2023
Shandong Port will transport passenger vehicles from its ports in China to Autoterminal Khalifa Port, to be stored and displayed within facilities in KEZAD
The expansion and enhancement of Port of Karachi are expected to further cement its position as a key player in the maritime industry
The new shipyard fabrication facility will cater for drilling rigs and marine assets as well as deep water vessels such as FPSO
The shipping and logistics group’s revenue in the first three months of the year reached Dhs1.81bn from Dhs1.04 a year earlier
The acquisition of the new vessels is part of the company’s expansion strategy that is aimed at broadening its portfolio of services
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 ports operator will develop projects in the ports of East Port Said, West Port Said and Al Areesh
AD Ports said the venture will offer a range of digital solutions to boost service integration and efficiency in Uzbekistan’s logistics market
Scheduled to open in the coming months, AD Ports Group’s latest milestone project in KIZAD is set to be one of the largest and most advanced food and healthcare storage hubs in the region
The agreement is signed with Shandong Port Group to strengthen trade and shipping links
It will be the first facility to be developed by AD Ports Group in the Hashemite kingdom of Jordan and its first cruise facility outside of the UAE
AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation