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Abu Dhabi-based AD Ports Group has reflected on a period of “unprecedented global expansion and strategic investments” in 2024, which it describes as a “transformative year marked by significant milestones that reflect the Group’s strategic vision and operational prowess.”
The Group ended 2024 on a high note with the inauguration of CMA Terminals Khalifa Port by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, which has boosted the port’s throughput capacity by 23%. Autoterminal Khalifa Port also witnessed a surge in vehicle traffic made possible by the construction in record time of 90,000m2 of additional yard storage capacity recently.
The integration of Noatum’s assets into AD Ports Group’s structure has been another major milestone, creating operating efficiencies that support the Group’s international growth, and the introduction of new products and solutions.
AD Ports Group is expected to deliver record levels of revenue and net profit when full year figures are announced, based on the performance over the first three quarter of 2024. The group recently received an initial A1 credit rating from Moody’s Ratings (Moody’s), the international credit ratings agency, reflecting its strong financial performance and liquidity position, as well as its growth prospects.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “In 2024, AD Ports Group has strengthened its leading position in global trade and logistics through significant expansions and strategic investments. Our efforts are reflected in the Group’s climb for the first time into the global top 20 ranks of world container port operators in a survey by Drewry International. We have witnessed growing expansion into global markets in 2024, enabled by ventures in Angola, Egypt, Tanzania, Pakistan and Georgia. These successes highlight the robust health of our core businesses and the benefits of our intelligent internationalisation strategy, guided by the vision of our wise leadership.”
