AD Ports and Hutchison Ports link up

Results for the 12 months ending 31st December 2023 reported strong operational and financial performance with EBITDA increasing 23% YoY to AED 2.67 billion.

AD Ports Group has signed a purchase agreement with Inveco LLC to acquire 60% ownership in the Tbilisi Dry Port.

The Tanzania Ports Authority (TPA) has agreed a deal with DP World that will result in the global terminal operating company (GTO) modernising and managing the country’s largest port, Dar es Salaam.

Heads of terms gives AD Ports Group exclusive rights to negotiate a concession for a new multipurpose terminal for one year.

Hutchison Ports and its partners have now signed formal concessions for two terminals in Egypt announced last year.

Eleven international transport routes run through Kazakhstan, which accounted for 70-75% of China-Europe overland transit traffic pre-Covid