AD Ports Group records $4.7bln in revenue for 2024
AD Ports Group achieved record-breaking results in 2024, with revenues reaching AED17.29 billion and EBITDA (earnings before interest, taxes, depreciation and amortisation), reaching AED4.51 billion, marking growth of 48 and 69 percent respectively compared to 2023.
The Group's 2024 Annual Report highlighted a year of exceptional performance, during which it successfully integrated two major acquisitions and accelerated its international expansion strategy, boosting profitability.
The report shed light on AD Ports Group's continued expansion, including the integration of Noatum, a global logistics leader, and Global Feeder Shipping (GFS), a Dubai-based regional container shipping company. Additionally, the Group secured multi-purpose terminal concessions and intermodal logistics facilities in some of the world's fastest-growing trade corridors, including Egypt, Pakistan, Angola, Tanzania, and Georgia.
All of the Group's business segments — Ports, Economic Cities and Free Zones, Maritime and Shipping, Logistics, and Digital — contributed to the record-breaking revenue.
Mohamed Hassan Alsuwaidi, Minister of Investment and Chairman of AD Ports Group, stated that the Group achieved exceptional results, navigating challenges skillfully while leveraging opportunities to drive its comprehensive international expansion strategy.
He added that AD Ports Group emerged as a key global player in 2024, achieving new levels of geographic reach, international recognition, and financial strength, all driven by the vision of the UAE's wise leadership.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said that 2024 was defined by success, as the Group pursued its mission to enable trade and support national leadership's vision. Through a flexible business strategy and expanding customer-centric solutions, AD Ports Group achieved organic growth and expanded internationally by adding new port terminals and maritime, digital, and logistics assets — opening new horizons for value-driven global expansion.
The Group broadened its global footprint in 2024 through strategic acquisitions in Africa, Europe, and Central Asia, while enhancing its global network of ports and terminals through new concessions in Egypt, Pakistan, and Angola. Its international operations were restructured under three new core brands: Noatum Ports, Noatum Maritime, and Noatum Logistics.
Highlighting the Group's growing global stature, Khalifa Port was ranked 19th among the world's top 20 container ports for the first time, according to Drewry Maritime Research.
The Group also received multiple international awards, recognising its financial strength, investment performance, investor relations, ESG programmes, workplace environment, and more.
AD Ports Group follows a targeted inorganic expansion strategy, acquiring logistics, maritime, and port assets that enhance its integrated business model, boost customer value, expand trade routes and logistics coverage, and reinforce connectivity — all anchored in Abu Dhabi's core assets.
The Group's growth in 2024 was not limited to international expansion but also became more profitable, thanks to synergies across its five business segments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
29 minutes ago
- Khaleej Times
UAE sets new Emiratisation goal: 50%-60% quota for insurance sector by 2030
A new Emiratisation strategy for the years 2027–2030 targets Emiratisation rates of 50 per cent to 60 per cent at insurance companies, depending on company size. It also mandates the employment of at least one Emirati annually in occupations with two to 19 employees, as well as a 30 per cent localisation rate in occupations with 20 or more employees, 45 per cent in critical roles, and 30 per cent in direct leadership positions such as CEOs or general managers. The announcement by UAE Minister of State for Financial Affairs Mohamed Al Husaini was made during the Federal National Council (FNC) session on Wednesday, in response to a question raised by FNC member Adnan Al Hammadi on the role of the Central Bank in enforcing Emiratisation compliance in the insurance sector. The minister confirmed a noticeable improvement in Emiratisation within the insurance sector. As of June 1, 2025, Emiratis comprised 2,159 out of a total of 9,773 employees, representing 22.09 per cent. This marks an increase from 13.34 per cent in 2022 and 21.64 per cent in 2024. "The 2022–2026 strategy aims to raise the localisation rate to 30 per cent by 2026, with an annual increase of around 3 per cent,' said the minister in a statement. To ensure compliance and prevent fraudulent Emiratisation practices, the Central Bank established a dedicated Supervision and Inspection Unit. The unit is authorised to impose fines of Dh60,000 against companies found missing Emirati employees, calculated at Dh20,000 per point. The statement also highlighted the Central Bank's investments in human capital development. A total of 6,138 Emiratis have participated in advanced professional training programmes in collaboration with prestigious international educational institutions. These programmes covered areas such as accounting, finance, auditing, anti-money laundering, artificial intelligence, and data science. In 2023, a memorandum of understanding was signed between the Ministry of Presidential Affairs and the Emirates Institute of Finance to offer 100 annual scholarships in actuarial science. So far, nine Emiratis have been selected to pursue their studies in the United States and Australia under this initiative. Further collaborations are underway with national and international universities, he added, including the Higher Colleges of Technology, Zayed University, and the American University in Dubai, to launch a bachelor's degree programme in actuarial science. Scheduled to begin in September 2025, the programme will be supported by insurance companies to cover tuition fees for 25 to 30 students each year.
Zawya
37 minutes ago
- Zawya
Operate your open market, restaurant or coffee shop at Global Village Season 30
Dubai, UAE – Global Village, the region's premier multicultural family destination for culture, shopping, and entertainment, is inviting interested individuals to submit their proposals for the 'Restaurant and Coffee Shops' category as well as the 'Open Market' category for its upcoming milestone Season 30. The categories offer an exciting avenue for entrepreneurs to bring their innovative culinary and open market concepts to life at key locations across the destination, such as at the diverse Road of Asia and the famous Indian Chaat Bazaar. The opportunity is also available for those interested in submitting proposals for a new open market concept. Season after season, restaurant and retail partners have witnessed impressive success with the support and stability offered by Global Village. Season 29 welcomed a 10.5 million guests record and brought together over 3,500 shopping outlets and over 250 dining options along with more than 75 new partners. Global Village also supported the launch of 80 new concepts across the different business categories. Global Village's commitment to providing a welcoming environment, paired with its dedication to showcasing the world's vibrant cultures, makes it an ideal platform for businesses to thrive and create lasting connections. Prospective partners can register now through: -Ends- Visit Global Village's website and social media channels for the latest updates: Instagram: @GlobalVillageUAE X: @GlobalVillageAE Facebook: @GlobalVillageAE Snapchat: @GlobalVillageME TikTok: @GlobalVillageAE For media inquiries, please contact: Current Global - teamglobalvillage@ About Global Village: Global Village is the region's premier multicultural family destination for entertainment, dining, shopping and attractions. The destination boasts a growing popularity and a profound connection with the guests, solidifying its position as the region's number one (#1) entertainment and cultural hub. Since opening its gates in 1997, Global Village has welcomed over 100 million guests, with Season 29 achieving a new proven record of a crowd footfall of 10.5 million. Season 29 hosted 30 pavilions representing over 90 cultures, with more than 3,500 shopping outlets and over 250 dining options. The park was home to 400+ world-class performers featured in 40,000 shows. Guests enjoyed over 200 rides and games at Carnaval, making Global Village home to the largest and most diverse range of events, shows, shopping and dining experiences. Information on Season 30 will be announced soon.
Zawya
37 minutes ago
- Zawya
Empower wins three global awards at International District Energy Association Conference and Exhibition in the US
Dubai, UAE: Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has won three global awards at the International District Energy Association (IDEA 2025) Conference and Exhibition held in Minneapolis, USA. Empower won two gold awards in the categories 'Total Number of Buildings Committed' & 'Total Building Area Committed' for district cooling services outside North America. Additionally, Empower received the prestigious 'Innovation Award Honorable Mention for District Cooling Plant Optimisation Using Machine Learning'. The IDEA recognized Empower's achievement, noting that this is the eleventh time the company is winning these awards, following previous wins in 2005, 2007, 2016, 2017, 2018, 2019, 2021, 2022, 2023, and 2024. Empower has received over 20 awards in various categories since its inception, along with other awards at different international conferences. On this occasion, His Excellency Ahmad Bin Shafar, CEO of Empower, said: "We are proud to have received these prestigious global awards, which are a testament to years of continuous work and innovation. These awards are not just a recognition of our achievements but also a demonstration of the international community's trust in our business model and sustainable vision. Winning two gold awards and an innovation award confirms that we are on the right path towards a more efficient and intelligent future in district cooling." "We at Empower have adopted a strategy that relies on continuous investment in modern technologies, particularly artificial intelligence and machine learning, to improve the performance of our plants and enhance energy efficiency. This strategy not only contributes to reducing our carbon footprint but also raises the quality of services provided to our customers and ensures continued excellence in operational performance." "These awards reflect the team spirit that characterizes Empower's teams across all departments, who work tirelessly to achieve the company's goals and reinforce its position as a global leader in district cooling services. I would like to extend my deep gratitude to every individual in the company, as these awards are a fruit of their cooperation and continuous efforts", he added. "At Empower, we do not consider innovation an option but an integral part of our corporate culture. We will continue to expand and develop to support the environmental sustainability journey and reinforce the UAE's position as a global hub for innovation in infrastructure and clean energy. ", the CEO concluded.
