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AD Ports Group

Coordinates: 24°30′53.20″N 54°22′56.89″E / 24.5147778°N 54.3824694°E / 24.5147778; 54.3824694
From Wikipedia, the free encyclopedia

24°30′53.20″N 54°22′56.89″E / 24.5147778°N 54.3824694°E / 24.5147778; 54.3824694

AD Ports Group مجموعة موانئ أبوظبي
Company typePublic
ADPORTS
Industry
  • Ports
  • Maritime
  • Logistics
  • Industrial Zones
  • Economic Zones
  • Free Zones
Founded2006
HeadquartersAbu Dhabi, United Arab Emirates
Area served
Worldwide
Key people
Mohamed Juma Al Shamisi, Managing Director and Group CEO
ProductsDigital, Economic Cities & Free Zones, Logistics, Maritime, Ports
RevenueAED 5.498 Bn (2022)
AED 1.670 Bn (2022)
AED 1.284 Bn (2022)
Total assetsAED 38.512 Bn (2022)
Number of employees
4,061 (Full Time Employees as of end of 2022)
SubsidiariesMaqta Gateway, KEZAD Group, KEZAD Communities, AD Ports Logistics, Noatum, Abu Dhabi Maritime Academy, Abu Dhabi Maritime, OFCO, SAFEEN, Abu Dhabi Ports, Fujairah Terminals, Abu Dhabi Cruise Terminal, SAFEEN Feeders, Divetech Marine Engineering
Websitewww.adportsgroup.com

AD Ports Group (Arabic: مجموعة موانئ أبوظبي; formerly Abu Dhabi Ports Company and ADPC) is the exclusive developer and regulator of ports and related infrastructure in Abu Dhabi.[1][2][3][4]

History

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Abu Dhabi Ports PJSC was established by Emiri Decree in 2006.[5][6] Through organic growth and partnerships in 2021 AD Ports Group was established bringing together all subsidiaries as an integrated business across five clusters – Digital, Economic Cities & Free Zones, Logistics, Maritime and Ports.[7]

AD Ports Group was publicly listed on 8th February 2022 (Ticker: ADPORTS on Abu Dhabi Securities Exchange (ADX)).[8] Abu Dhabi Developmental Holding Company (ADQ), one of the region's largest holding companies, is the majority shareholder.[9]

Subsidiaries/Associated Companies (Clusters)

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AD Ports Group has five integrated business clusters Digital, Economic Cities & Free Zones, Logistics, Maritime and Ports.[10] Under the supervision of Abu Dhabi's Department of Economic Development, Maqta Gateway have developed and operates the Advanced Trade and Logistics Platform (ATLP) designed to unify trade and logistics services across Abu Dhabi,[11] including sea, land, air, and industrial and free zones.[12]

The Economic Cities & Free Zones Cluster oversees the operations of KEZAD Group the largest integrated trade, logistics and industrial hub in the region.[13] The Cluster provides a hub for manufacturing, logistics and trade with more than 550 km2 of land including 100 km2 designated as Free Zone.[14][15][16] In 2021, KEZAD Group Communities was established as an employee accommodation provider.[17]

AD Ports Group acquired MICCO Logistics in 2020[18][19] to bolster its logistics capabilities and service offerings.[20][21] In 2023, the Group acquired Noatum,[22] a leading multinational provider specializing in transport, comprehensive logistics, and port operations services, to operate its Logistics Cluster. MICCO Logistics was subsequently integrated into the Middle East division of Noatum Logistics, a global integrated supply chain services provider, which operates a growing network of over 90 offices located across over 25 countries, serving all major global markets and trade lanes.

The Ports Cluster owns and operates 10 terminals and ports in the UAE.[20] The Ports Cluster has partnerships with local and global partners including ADNOC,[23] COSCO SHIPPING Ports,[24] CMA CGM Group,[25] Mediterranean Shipping Company (MSC)[26] and Autoterminal Barcelona.[21][27]

The Maritime Cluster provides maritime services through SAFEEN including pilotage, bunkering, harbour tugs and towing, Vessel Traffic Services (VTS), transshipment, offshore and onshore logistics and support.[28][29][30] Specialised offshore services are catered for by OFCO and a feedering service through SAFEEN Feeders.[10] Also within the cluster, Abu Dhabi Maritime governs and regulates Abu Dhabi's waters ensuring the implementation of maritime health and safety and maritime education and training for professionals and graduates is provided by Abu Dhabi Maritime Academy.[31][32][33][34]

Strategic Expansion

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In 2023 and 2024, AD Ports Group strategically expanded its footprint to South Asia with the signing of major concession agreements with Pakistan to operate deep-sea terminals at the Port of Karachi. The concessions cover the operation of a container terminal under a 50-year term and a bulk and general cargo terminal under a 25-year term extendable to an equal term.[35][36] Altogether the concessions grant a continuous quay length of about 2300 meters on the East Wharf of the Port of Karachi.[37] The container terminal is operated by Karachi Gateway Terminal at berths 6-10.[38] The bulk and general cargo terminal is operated by Karachi Gateway Terminal Multipurpose at berths 11-17.[37] Both the operators being majority owned subsidiaries of AD Ports Group.[39]

Governance (Board of Directors)

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The board members are:

Khalifa Sultan Al Suwaidi Board Member Vice Chairman, Chief Executive Officer at Abu Dhabi Growth Fund (ADG); Chairman of Agthia Group.

H.E. Mohamed Ibrahim Al Hammadi Board Member, Managing Director & Chief Executive Officer of the Emirates Nuclear Energy Corporation (ENEC).

Captain Mohamed Juma Al Shamisi, managing director and Group CEO, AD Ports Group. Joined in 2008, appointed CEO in 2014. Chairman of Aramex PJSC, ADNEC and KEZAD Group.

Jasim Husain Thabet Board Member, Chief Executive Officer of TAQA; board member at EWEC.

Mansour Mohamed Abdulqader Al Mulla Board Member, managing director and Chief Executive Officer, EDGE Group.

Najeeba Al Jabri Board Member, Vice President – Technical Midstream of the Emirates Global Aluminium Group.

See also

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References

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  1. ^ "Fitch Affirms Abu Dhabi Ports Company at 'A+'; Outlook Stable". Retrieved 2022-10-02.
  2. ^ "Kamsar Port". Abu Dhabi Ports: Ports.
  3. ^ "Abu Dhabi Ports seals 35-year concession to manage and expand the Port of Fujairah". Gulf Business.
  4. ^ "Bigger Ships on the Horizon as Fujairah's Transformation Enters Full Swing". Offshore Energy.
  5. ^ "Abu Dhabi Sea Ports". Abu Dhabi Magazine. 2020-09-28. Retrieved 2020-05-01.
  6. ^ "Abu Dhabi implements its port strategy". www.mubadala.com. 2006-05-06. Retrieved 2022-10-02.
  7. ^ National, The (2020-03-24). "ADDH expands and rebrands as ADQ". The National. Retrieved 2022-10-03.
  8. ^ "Abu Dhabi Ports' Stock Surges After $1.1 Billion Share Sale". Bloomberg.com. 8 February 2022. Retrieved 2022-10-03.
  9. ^ Nair, Deepthi (2022-07-01). "AD Ports Group to buy majority stake in parent company of two Egyptian shipping businesses". The National. Retrieved 2022-10-03.
  10. ^ a b "AD Ports Group Achieves Historic Milestones in 2021 | Hellenic Shipping News Worldwide". www.hellenicshippingnews.com. Retrieved 2022-10-03.
  11. ^ "Maqta Gateway Profile". WMC Magazine.
  12. ^ "Maqta Gateway launches inspection & clearance services on ATLP". Arab News. 2022-01-23. Retrieved 2022-10-03.
  13. ^ "Construction Work at Mussafah Completed". Construction Week.
  14. ^ "Abu Dhabi Ports announces integration of ZonesCorp into special economic zone". Port Technology International. 2020-07-21. Retrieved 2022-10-03.
  15. ^ "Abu Dhabi Ports announces integration of ZonesCorp into special economic zone". Port Technology.
  16. ^ "المدن الصناعية في أبوظبي". جريدة الاتحاد. 2020-09-28. Retrieved 2020-05-01.
  17. ^ "AD Ports Group introduces KEZAD Communities for employee accommodation". Construction Business News Middle East. 2022-01-06. Retrieved 2022-10-03.
  18. ^ "MICCO joins AD Ports". Offshore Energye.
  19. ^ "Abu Dhabi Ports: Delivering real value". Logistics Middle East. 4 July 2021.
  20. ^ a b "Abu Dhabi Ports expand supply Chain". Seatrade Maritime News. 2020-09-28. Retrieved 2020-05-01.
  21. ^ a b Godinho, Varun (2020-09-28). "Abu Dhabi Ports acquire MICCO Logistics to help expand operations". Gulf Business. Retrieved 2022-10-03.
  22. ^ "AD Ports Group completes landmark Noatum acquisition". gulfnews.com. 2023-07-02. Retrieved 2024-10-22.
  23. ^ Nagraj, Aarti (2022-04-05). "AD Ports signs five-year deal to operate Adnoc unit's storage hub in Kizad". The National. Retrieved 2022-09-11.
  24. ^ "Qingdao Port Buys 33.3 Pct Stake in COSCO Shipping Ports (Abu Dhabi)". Offshore Energy. 2019-12-02. Retrieved 2022-09-11.
  25. ^ "AD Ports Group and CMA CGM Group to invest $154m in new terminal at Khalifa Port". Seatrade Maritime. 2021-09-10. Retrieved 2022-09-11.
  26. ^ "AD Ports marks Khalifa Port's nine years of growth". www.tradearabia.com. Retrieved 2022-09-11.
  27. ^ "AD Ports, Autoterminal Form JV to Manage RoRo/Car Terminal at Khalifa Port". Offshore Energy. 2018-02-19. Retrieved 2022-09-11.
  28. ^ "Abu Dhabi Ports Launches Marines Services". Ship and Bunker Magazine.
  29. ^ "SAFEEN Feeders Buys Two Bulk Carriers". MarineLink. 2022-06-28. Retrieved 2022-10-03.
  30. ^ "AD Ports Rebrands its Marine Services". Marine Professional.
  31. ^ "UAE's Abu Dhabi DMT creates Abu Dhabi Maritime". Maritronics – Marine Services Dubai. 2020-08-23. Retrieved 2022-10-03.
  32. ^ "EGA and Abu Dhabi Ports to work together to train young UAE Nationals in shipping and logistics". EGA.
  33. ^ "ADMA Signs Partnership". Robban Assifina.
  34. ^ "ADP launches Abu Dhabi Maritime, primary custodian of Abu Dhabi's Waterways". ITLN.
  35. ^ "AD Ports Group, Karachi Port Trust extend collaboration with 25-year concession deal". Arab News. 2024-02-04. Retrieved 2024-03-09.
  36. ^ Rahman, Fareed (2023-06-22). "AD Ports signs 50-year concession agreement to develop Karachi port". The National. Retrieved 2024-03-09.
  37. ^ a b "AD Ports Group signs 25-year deal with Karachi Port Trust to develop, operate and manage terminals". gulfnews.com. 2024-02-03. Retrieved 2024-03-09.
  38. ^ "AD Ports Group signs 50-year concession agreement with Karachi Port Trust". gulfnews.com. 2023-06-22. Retrieved 2024-03-09.
  39. ^ Reporter, A. Staff. "AD Ports Group inks pact to run Karachi Port in Pakistan". Khaleej Times. Retrieved 2024-03-09.
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