AD Ports Group Managing Director and CEO, Captain Mohamed Juma Al Shamisi, recently met with the President of the Republic of Congo, Denis Sassou Nguesso, in Congo-Brazzaville to discuss future cooperation on the development of the New Mole Port.
This visit follows the signing of a Head of Terms (HoT) agreement between AD Ports Group and the Ministry of International Cooperation and Promotion of Public-Private Partnership of the Republic of Congo for a new multipurpose terminal in Pointe-Noire. Under the terms of the agreement, AD Ports Group has the exclusive right to invest in the development, operation and management of the new port, which will handle containers, general cargo, break-bulk and other types of cargo. Additionally, the group will provide the new facility with digital services and technology solutions to enhance its operational efficiency.
The HoT agreement is valid for one year from the date of signing could eventually lead to a full concession deal, once technical, legal, commercial and environmental due diligence has been undertaken.