AD Ports Group, announced on Friday that 2024 marked a transformative year for the group, with significant strides in global expansion, strategic investments, and technological innovation.
Financial strength and flexibility
AD Ports Group, announced on Friday that 2024 marked a transformative year for the group, with significant strides in global expansion, strategic investments, and technological innovation.
The group has reinforced its position as a leader in global trade and logistics, setting benchmarks across multiple domains.
AD Ports concluded its dynamic year with the inauguration of CMA Terminals Khalifa Port, a pivotal addition to Khalifa Port. This state-of-the-art terminal enhances Abu Dhabi’s connectivity and strengthens its role as a global logistics hub.
The group also completed its largest-ever acquisition with the integration of Noatum, a move that significantly broadens its economic footprint. These achievements helped propel AD Ports Group into the global top 20 container port operators, as ranked by Drewry International, reflecting its growing global influence.
Expansion into key international markets was another highlight, with ventures in Angola, Egypt, Tanzania, Pakistan, and Georgia, further diversifying the group's operations.
AD Ports demonstrated robust financial performance throughout 2024, earning an A1 credit rating with a stable outlook from Moody’s Ratings.
Saudi Arabia and Syria signed a cooperation agreement between the two countries' defense ministries on Wednesday, Saudi state news agency SPA reported, as Yemen's Iran-aligned Houthi group continues its missile and drone attacks on the kingdom.
Ankara rejected on Wednesday what it called the "prejudiced and unfair" stance of the European Union towards fundamental rights and the judiciary in Turkey, and regarding Cyprus, contained in the bloc's report on EU membership candidates.
Turkey's parliament is set on Wednesday to ratify a defence pact with Saudi Arabia and Pakistan that includes a collective defence clause, committing NATO's second-largest army to Riyadh's defence as it faces attacks by Yemen's Iran-backed Houthis.
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