AD Ports Group closes 2023 as a year of expansion and enhanced capacity – Gulf Today

AD Ports Group closes 2023 as a year of expansion and enhanced capacity – Gulf Today

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In a transformative year marked by unprecedented global expansion and strategic acquisitions, AD Ports Group (has further cemented its position as one of the world’s leading facilitators of global trade and logistics.

The year has been pivotal in enhancing the Group’s connectivity, capacity, and international presence, underscoring a commitment to drive sustainable innovation and excellence across the global trade and logistics sector.

The year began with the inauguration of the Aqaba Cruise Terminal, the first-of-its-kind facility in Jordan and concluded with the signing of a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Sea Port.

Furthermore, 2023 saw AD Ports Group strengthen its global footprint through strategic agreements and partnerships. As part of the Group’s Africa Strategy and commitment to strategic development within emerging markets, it signed a 30-year extendable concession agreement to manage and operate a multipurpose terminal in Congo’s Pointe Noire Port.

The year also saw AD Ports Group take significant financial strides investing in future growth, including securing a US$2 billion corporate facility with a syndicate of 13 banks in April 2023. The demand for the facility was overwhelming, demonstrating the