AD Ports Group has begun long-term administration and development of a multifunctional port and logistics company in Luanda, Angola, in collaboration with local partners.
The Port of Luanda handles approximately 76 per cent of Angola’s container and general cargo volumes, as well as giving sea access to its landlocked neighbours, the Democratic Republic of the Congo and Zambia.
AD Ports Group owns 81 per cent of the multifunctional terminal joint venture with Unicargas and Multiparques, as well as 90 per cent of the logistics business with Unicargas.
Under a 20-year concession agreement with the Luanda Port Authority signed in April 2024, AD Ports Group committed to investing approximately $250 million through 2026 to modernise the terminal and develop Noatum Unicargas Logistics, a joint venture that provides integrated logistics, transport and freight forwarding services to local, regional and international clients.
With the terminal’s opening on 30 January, trading began at Noatum Unicargas Logistics.
Mohamed Eidha Al Menhali, Regional CEO of AD Ports Group, said: “With the planned upgrade of Luanda’s multipurpose port terminal, and establishment of an integrated logistics and freight forwarding business leveraging our Group’s global network and reach, AD Ports Group is positioned to capture the growth in Angola’s container volumes, which are forecast to rise on average by 3.3 per cent annually over the next decade.”
Recently, AD Ports signed a Memorandum of Understanding (MoU) with the Egyptian Ministry of Industry and Transport to jointly build and operate an integrated logistics park in Alexandria, Egypt.