Move Provides Important Growth Opportunities and Business Synergies for Integrated Port, Logistics and Maritime Leader
Abu Dhabi, UAE – February 02, 2022: AD Ports Group, part of ADQ, an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises, confirmed that it now owns stakes in two leading enterprises.
AD Ports Group now holds a 22.32% stake in logistics firm Aramex PJSC (“Aramex”) and a 10% stake in UAE-based contractor National Marine Dredging Company PJSC (“NMDC”), which specialises in engineering, procurement, construction and marine dredging.
With more than 600 offices in over 65 countries worldwide, Aramex is a global provider of logistics and transportation solutions, while NMDC is a marine industry leader, capable of operating and delivering major projects anywhere in the world.
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “These two leading companies provide a strong strategic fit with AD Ports Group’s vision to develop the maritime and logistics industries across the region and globally.
Given the international scope of both Aramex’s and NMDC’s operations, we are confident that there will be significant opportunities for collaboration and growth when aligned with AD Ports Group’s diverse, integrated business model.”
About AD Ports Group:
Established in 2006, AD Ports Group today serves as the region’s premier facilitator of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Part of ADQ, an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises, AD Ports Group’s vertically integrated business approach has proven instrumental in driving the emirate’s economic development over the past decade.
Operating several clusters covering Ports, Economic Cities & Free Zones, Maritime, Logistics, and Digital, AD Ports Group’s portfolio comprises 10 ports and terminals, and more than 550 square kilometres of industrial and economic zones within KIZAD and ZonesCorp, the largest integrated trade, logistics, and industrial business grouping in the Middle East.
For more information, please visit: adportsgroup.com
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