Abu Dhabi Ports enhances its presence in 5 new global markets during 2024

Captain Mohammed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group, said that the group succeeded during 2024 in strengthening its global leading position in the trade and logistics services sector by expanding its business and allocating thoughtful strategic investments.

He added that the new container terminal, CMA Terminals Khalifa Port, was inaugurated, which is the latest addition to the infrastructure of Khalifa Port, which will enhance the connectivity network between Abu Dhabi and the world, in addition to the integration of Nuatom, which represents the group’s largest acquisition to date, which contributed to… Expanding the economic horizons of Abu Dhabi Ports Group.

He pointed to the group’s efforts, which resulted in its entry for the first time into the list of the top 20 container port operators in the world, according to Drury International Company. It also entered new global markets during 2024, through projects in Angola, Egypt, Tanzania, Pakistan, and Georgia.

Strengthening its position globally
During 2024, Abu Dhabi Ports Group succeeded in strengthening its global leadership position in the trade and logistics services sector, by expanding its global reach and allocating strategic investments in promising projects and deals, which contributed to expanding the scope of its business network and developing its capabilities and international presence, with its firm commitment to sustainable innovation and excellence. Operations in the global trade and logistics sector.

The group also received an “A1” rating with a stable outlook from Moody’s, an international credit rating agency, which reflects the group’s strong financial performance, liquidity, and exceptional growth prospects.

Agreements were concluded in September 2024 to refinance a joint loan worth $2.25 billion on more favorable terms. The group was able to refinance and increase the size of its current revolving credit facilities from $1 billion to reach $2.125 billion, which enhances the group’s financial flexibility and reduces financing costs. It gives it better layout options.

Khalifa Economic Zones Abu Dhabi – Kizad Group contributed to the group’s successes through several land lease contracts and development projects, as it concluded a 50-year Musataha agreement with NMDC Energy, a subsidiary of the NMDC Group, to develop a new industrial facility. With a value of 367 million dirhams.

Kizad also concluded another 50-year Musataha agreement with the UAE-based Titan Lithium Company to establish a state-of-the-art lithium processing plant in the Kizad Al Maamoura region, with investments amounting to 5 billion dirhams.

Meanwhile, a Musataha agreement was concluded with Azizi Real Estate Development Company, worth one billion dirhams, under which 12 modern industrial facilities will be established in the Kizad (A) area, “Kizad Al Maamoura”, in a deal that is the largest in 2024, so that Kizad continues to consolidate its position as a reliable partner for manufacturers in the UAE. Across various sectors.

Kizad began developing ready-made industrial and logistical facilities with investments exceeding 621 million dirhams, to increase the capacity of warehouses by more than 250,000 square meters by the end of 2025.

Digital transformation efforts
With regard to the digital sector, which is responsible for digital transformation efforts at Abu Dhabi Ports Group, its operations have developed to record profits from its external activities.

One of the most notable achievements of the sector during 2024 was the acquisition of a 60% stake in Dubai Technology, a Dubai-based company specialized in developing trade and transportation solutions, which has developed a smart platform for managing port operations, from which many port operators are currently benefiting. Globally, this platform applies advanced “digital twin” technology that is highly sought after in the market.

In line with the development witnessed by the digital sector, Abu Dhabi Ports Group announced the change of the brand and corporate identity of Maqta Gateway Company to Maqta Technology Group, in line with its strategy aimed at facilitating global trade by employing digitization solutions.

The agreement concluded with the Jordanian Aqaba Development Company, according to which the “Port Community System” will be used in the operations of the Port of Aqaba through the Maqta Ayla joint project, was the first deal for the digital sector outside the UAE, in order to confirm the Abu Dhabi Ports Group’s commitment to future growth and digital transformation in the sector. Trade and logistics.