Mohammad Juma Al Shamisi, CEO and Director of AD Ports Group, announced that the group has consolidated its position as one of the leading facilitators of global trade and logistics with unprecedented global expansion and strategic investments in 2024.
Publish dateSaturday 4 January 2025 - 16:08
According to Amac News: The group ended its eventful year with the opening of CMA Terminals in Bandar Khalifa, the latest infrastructure addition to Bandar Khalifa. Also, at the end of 2024, the group made the largest acquisition in its history, Noatum.
The group also climbed into the top 20 global container port operators for the first time in a Drewry International survey. Also, the group expanded its international activities by investing in global markets, including Angola, Egypt, Tanzania, Pakistan and Georgia.
With international expansion and investment in projects, AD Ports Group strengthened its global position and increased its network, capabilities and international presence.
The group also received an initial credit rating of A1 with a stable outlook from Moody's International, indicating the group's strong financial performance, liquidity position and significant growth prospects.
In September, AD Ports Group signed agreements to refinance its $2.25 billion syndicated loan on better terms, and in December it increased its revolving credit facility (RCF) from $1 billion to $2.125 billion.
KEZAD signed a 50-year lease agreement with NMDC Energy, a subsidiary of the National Marine Dredging Company (NMDC), to establish a modular manufacturing plant worth AED 367 million.
KEZAD also signed a 50-year land lease agreement with Emirati company Titan Lithium to establish a modern lithium processing plant at KEZAD Al Ma'mourah with an investment of 5 billion dirhams.
Azizi Developments' Dh1 billion commitment to build 12 factories at KEZAD A, one of the largest lease agreements signed in 2024, helped establish the modular component manufacturing industry in the UAE.
The business district also started the development of more than 250,000 square meters of warehousing capacity with an investment of 621 million dirhams, which is scheduled to be completed by the end of 2025.
The Group's Digital Cluster, which was originally established to lead the Group's digitalization, also became an independent profit center during the year.
The group also climbed into the top 20 global container port operators for the first time in a Drewry International survey. Also, the group expanded its international activities by investing in global markets, including Angola, Egypt, Tanzania, Pakistan and Georgia.
With international expansion and investment in projects, AD Ports Group strengthened its global position and increased its network, capabilities and international presence.
The group also received an initial credit rating of A1 with a stable outlook from Moody's International, indicating the group's strong financial performance, liquidity position and significant growth prospects.
In September, AD Ports Group signed agreements to refinance its $2.25 billion syndicated loan on better terms, and in December it increased its revolving credit facility (RCF) from $1 billion to $2.125 billion.
KEZAD signed a 50-year lease agreement with NMDC Energy, a subsidiary of the National Marine Dredging Company (NMDC), to establish a modular manufacturing plant worth AED 367 million.
KEZAD also signed a 50-year land lease agreement with Emirati company Titan Lithium to establish a modern lithium processing plant at KEZAD Al Ma'mourah with an investment of 5 billion dirhams.
Azizi Developments' Dh1 billion commitment to build 12 factories at KEZAD A, one of the largest lease agreements signed in 2024, helped establish the modular component manufacturing industry in the UAE.
The business district also started the development of more than 250,000 square meters of warehousing capacity with an investment of 621 million dirhams, which is scheduled to be completed by the end of 2025.
The Group's Digital Cluster, which was originally established to lead the Group's digitalization, also became an independent profit center during the year.
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Source : news agency wam
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