AD Ports Group explained

AD Ports Group مجموعة موانئ أبوظبي
Type:Public
Traded As:ADPORTS
Foundation:2006
Location:Abu Dhabi, United Arab Emirates
Area Served:Worldwide
Key People:Mohamed Juma Al Shamisi, Managing Director and Group CEO
Assets:AED 38.512 Bn (2022)
Num Employees:4,061 (Full Time Employees as of end of 2022)
Industry:
  • Ports
  • Maritime
  • Logistics
  • Industrial Zones
  • Economic Zones
  • Free Zones
Products:Digital, Economic Cities & Free Zones, Logistics, Maritime, Ports
Revenue:AED 5.498 Bn (2022)
Operating Income:AED 1.670 Bn (2022)
Net Income:AED 1.284 Bn (2022)
Subsid:Maqta Gateway, KEZAD Group, KEZAD Communities, AD Ports Logistics, MICCO, Abu Dhabi Maritime Academy, Abu Dhabi Maritime, OFCO, SAFEEN, Abu Dhabi Ports, Fujairah Terminals, Abu Dhabi Cruise Terminal, SAFEEN Feeders, Divetech Marine Engineering

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

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)

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]

The Logistics Cluster has local and international clientele.[18] In 2020, AD Ports Group acquired MICCO Logistics expanding into freight forwarding services with a transportation fleet of over 400 vehicles and temperature-controlled warehouses.[19] [20] [21]

The Ports Cluster owns and operates 10 terminals and ports in the UAE. The Ports Cluster has partnerships with local and global partners including ADNOC,[22] COSCO SHIPPING Ports,[23] CMA CGM Group,[24] Mediterranean Shipping Company (MSC)[25] and Autoterminal Barcelona.[26]

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.[27] [28] [29] Specialised offshore services are catered for by OFCO and a feedering service through SAFEEN Feeders. 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.[30] [31] [32] [33]

Strategic Expansion

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.[34] [35] Altogether the concessions grant a continuous quay length of about 2300 meters on the East Wharf of the Port of Karachi.[36] The container terminal is operated by Karachi Gateway Terminal at berths 6-10.[37] The bulk and general cargo terminal is operated by Karachi Gateway Terminal Multipurpose at berths 11-17. Both the operators being majority owned subsidiaries of AD Ports Group.[38]

Governance (Board of Directors)

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

Notes and References

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