2022 is shaping up to be one of the company’s most important years as AD Ports Group delivered on its pledge to deliver significant results in its first year as a public company and expand its international presence.
The year began with the first listing of AD Ports Group shares on the Abu Dhabi Securities Exchange (ADX) and continued with remarkable success until December 2022, when we are honored to welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE, to Expansion of Khalifa Port unveiled. The expansion, which puts Khalifa Port among the world’s deep-water ports, is estimated to be worth AED 20.4 billion (US$ 5.55 billion).
AD Ports Group’s bold growth strategy has paid off, with the group breaking several key financial records in 2022. By September 2022, group revenue will increase by 53% year-on-year to AED 1.46 billion; EBITDA will increase by 52% to AED 594 million; net profit will soar by 77% to AED 334 million.
world trade frontier
Throughout 2022, AD Ports Group continues to demonstrate its drive to place Abu Dhabi at the forefront of world trade, adding value to stakeholders through expanded and improved services.
The group has forged new strategic relationships inside and outside the region, which has enabled the group to open up new trade corridors. Through new partnerships and routes, AD Ports Group is building the highest level of connectivity between the Arabian Gulf, Indian Ocean, Red Sea, East Africa and Central Asia – important trading partners that will help drive economic growth and internationally.
Major acquisitions play a key role in AD Ports Group’s 2022 growth story. The company completed its first international acquisition in September, acquiring a 70% stake in Egypt’s Transmar and TCI, followed by an agreement to acquire an 80% stake in Global Feeder Shipping (GFS), which will significantly expand its fleet and container capacity, And holds 100% of the shares of Noatum, a Spanish global logistics giant.
When completed, these transformational investments will reinforce AD Ports Group’s position as a market leader in multiple industries, operating ports and terminals globally, with a fleet of 175 vessels, approximately 100,000 TEU of feeder container capacity, and a global logistics brand offering Professional services across multiple geographies.
Falah Mohammad Al Ahbabi, Chairman of AD Ports Group, said: “Throughout 2022, AD Ports Group has demonstrated its continuous efforts to improve the services we provide to our customers, while supporting Abu Dhabi’s goal of becoming a leading global trade and logistics hub. AD Ports Group is proud to deliver extraordinary growth in 2022, expanding our global connectivity through new trade corridors and becoming a truly global company through organic growth and international acquisitions.
“As we work to further develop our asset infrastructure in the UAE and beyond, we aim to position the company as a global enabler in support of industrial growth and contribute to our leaders’ strategic objective of diversifying the UAE’s economy.”
powerful and historic
Capt Mohamed Juma Al Shamisi, Managing Director and Group Chief Executive Officer, AD Ports Group, said: “2022 will be a strong and historic year for AD Ports Group and we are proud to demonstrate consistent drive to advance our Business Model and Operations.AD Ports Group has grown from a major contributor to the Abu Dhabi economy into a publicly listed entity with an expanding global reach that is positively transforming key industries around the world.
“We believe there are significant opportunities for AD Ports Group in international markets and we are using 2022 to restructure the company into licensing business clusters to work together to achieve our strategic goals. As always, we thank the UAE leadership for their guidance and support, which has enabled Our business has grown so quickly.”
To further support its growth aspirations, the company announced several key acquisitions such as Divetech and ASCL as well as joint ventures in the UAE including the launch of Safeen Invictus and Safeen Surveys and Subsea Services. These strategic moves have opened up new business units and service offerings for its maritime cluster, which has become one of the most dynamic sectors in the industry.
Throughout 2022, AD Ports Group continued to build its global presence, signing agreements with port authorities and partners around the world, including a contract with the Red Sea Ports Authority for a major port project along the Egyptian coastline, and with the largest oil and gas companies One of the contracts SEG signed with Uzbek companies to open new logistics and freight operations in the Central Asian country.
Continued development of the Marsa Zayed mega-project in Aqaba, the Hashemite Kingdom of Jordan, and the company concluded the year with a number of key agreements in Africa, including an agreement with the African Finance Corporation to address infrastructure gaps across Africa continent, and a terms agreement with the Government of the Republic of Sudan, which provides for a consortium led by AD Ports Group and Invictus Investment to develop, manage and operate ports and economic zone assets in Sudan.
Recently, AD Ports Group signed a shareholder agreement with KMTF (Kazmortransflot), the wholly-owned offshore logistics and services subsidiary of Kazakhstan State Oil Company (KazMunayGas), to start the strategic expansion of its services in the Caspian and Black Sea regions). The agreement will lead to a The development of the new joint venture, under which the two companies will provide a wide range of services including offshore support vessels, integrated offshore logistics and subsea solutions as well as container replenishment, ro-ro and crude oil transportation in the Caspian and Black Sea regions.
AD Ports Group has also transformed its offering in the Economic Cities and Free Zones (EC&FZ) sector, launching the ‘Kezad Group’, integrating its existing trade, logistics and industrial business groups into one integrated entity comprising 12 Economic Zones, The total area is 550 square kilometers.
The group’s digital subsidiary, Maqta Gateway, has played a key role in supporting AD Ports Group’s international expansion across several sectors. Advanced Trade and Logistics Platform ‘ATLP’, Abu Dhabi’s Official Trade Single Window, surpasses milestone of facilitating over 100 million digital transactions, Maqta Gateway also launches aerial drone pilot flight in partnership with Emirates Post Group and SkyGo Post Delivery service. — trade arab news agency