Once completed in Q1 2027, the terminal will increase container capacity from 25,000 TEUs to 350,000 TEUs, while Ro-Ro volumes are expected to exceed 40,000 vehicles
The first phase will focus on the development of Cazanga Island within the Luanda Archipelago
UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has said the agreement will raise non-oil bilateral trade to more than $10bn annually by 2033
AD Ports Group’s expansion into Angola follows the signing of a 2023 framework agreement between the company and the Angolan government
The equipment will be deployed at its terminal projects in Pointe Noire, Republic of the Congo, and Luanda, Angola
Capacity discussions can be complicated by different oil price preferences among OPEC+ members
The Southern African nation’s announced departure follows its protest against OPEC+’s decision to cut its output quota for 2024
The survey was based on 2022 data for four-star hotels, meals, laundry and incidental costs
The financing is provided in cooperation with Standard Chartered Bank
AD Ports Group’s new agreements in Angola, including the JV with UNICARGAS have the potential to significantly boost Angola’s maritime industry
The suspensions from Angola and Guinea take effect from Tuesday, December 28
DP World will invest $190m over the 20-year period which will increase the terminal’s annual throughput to approximately 700,000 TEUs per year