AD Ports Group is setting sail for more super-charged growth

  • Date: 11-Mar-2023
  • Source: Gulf News
  • Sector:Technology
  • Country:Egypt
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AD Ports Group is setting sail for more super-charged growth

The AD Ports Group runs an integrated business across five verticals – digital, economic cities and free zones, logistics, maritime and ports - linking global maritime routes with international trading partners. The entity is dedicated to enabling trade, industrialization, and economic diversification within the country. In 2022, it forged alliances within the region and outside to establish new routes, such as the agreement with Red Sea Ports Authority and the joint development and operation of a multi-purpose terminal in Safaga Port along Egypt’s coastline. These have led to a wide-scale connectivity with vital trading partners across the Arabian Gulf, the Indian Ocean, the Red Sea, East Africa, and Central Asia. With its multiple verticals aimed at fostering speedy growth, the Group represents a good proxy for investors seeking exposure to the UAE markets and banking on the country’s sustained progress. AD Ports Group’s share price has grown over 80 per cent in the past year. The iconic Khalifa Port is part of a masterplan that will equip the hub to handle 15 million TEUs and 25 million tonnes of general cargo yearly by 2030. The port’s current container capacity allows for 7.8 million TEUs annually. A significant hub linking over