AD Ports Group’s 2023 Annual Report highlights ‘dynamic’ international growth

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The UAE’s Abu Dhabi Ports Group has issued its 2023 23 Annual Report highlighting significant achievements for the Group last year including expansion of its international footprint significantly in 2023. This followed the integration of Noatum, a global logistics platform with a presence in 27 countries and a leader in automotive logistics services in Europe.

Moreover, a series of ports, terminals, maritime and shipping agreements in Jordan, Egypt, Pakistan, Republic of Congo, Kazakhstan and Uzbekistan, supported doubling the Group’s revenue and extended its global reach to 46 countries.

AD Ports Group’s vertically integrated businesses Clusters, including Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital, have enabled the Group to become one of the fastest-growing enablers of trade, industry and logistics, whose integrated synergistic businesses are dedicated to leading the future of global trade with innovative, end-to-end supply chain solutions, world-class infrastructure, and smart new routes for a changing world.

Commenting on the report, H.E. Falah Al Ahbabi, Chairman of AD Ports Group, said: “Through bold, value enhancing acquisitions, and strategic expansions in the Arabian Gulf, Red Sea, Caspian Sea, Africa, and around the world, AD Ports Group in 2023 transformed into a world-class facilitator of global trade and logistics, in line with the economic diversification objectives set by the UAE’s visionary leadership. In a year of rising global market uncertainty, the Group’s record revenue and profits underlined, once again, its resilience and core strength, as well as its value to shareholders.”

Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “2023 was one of the most dynamic periods of growth in the history of AD Ports Group. We expanded our maritime, shipping and ports footprint into Jordan, Egypt, Pakistan, the Republic of the Congo, Uzbekistan, and Kazakhstan, and in addition we transformed our logistics business by acquiring Noatum, an integrated provider active in 27 countries and a leading in the automotive logistics sector in Europe.”

He added: “Moving forward into 2024, we plan to continue in delivering value to our customers, shareholders and the communities we serve. With the guidance of the UAE’s wise leadership, our strategic focus will be to leverage our cutting-edge infrastructure and advanced fleet, for further dynamic growth both regionally and internationally.”

The Group says that looking ahead, the shipping and logistics sectors are set to continue evolving in response to the post-pandemic shift from “just-in-time” to “just-in-case” strategies, driven by new trade and investment policies, national security considerations, and the move towards regionalisation and localisation of supply chains. This shift, alongside the rapid digitalisation of the logistics sector, is expected to improve trade efficiency and future-proof supply chains. AD Ports Group, with its diversified port-centric logistics footprint, is well-positioned to capitalise on these trends, offering strong support for the re- and nearshoring of supply chains through its global assets.

Furthermore, the recent Red Sea disruptions are anticipated to further impact volumes and rates in 2024, highlighting the importance of regional feeder services and the strategic positioning of AD Ports Group in navigating the challenges and opportunities in today’s volatile market.

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