The Port of Douala is a vital link to Central Africa
AD Ports Group has joined Africa Ports Development’s (APD) 30-year concession to design, build and operate a new dry bulk terminal at the Port of Douala in the Republic of Cameroon.
The agreement establishes an investment structure, in which AD Ports Group together with two other UAE investors own 60% of the operating company alongside Africa Ports Development LTD’s 40% ownership, implying an effective economic interest of 51% for AD Ports Group.
Based on the ownership of this investment structure AD Ports Group’s share of investment is expected to be around AED 320mn (EUR 73.4mn), for the development of phase 1 of the dry bulk terminal, which comprises 2 berths and approximately 450 metres of quay wall, with an annual handling capacity of around 4mn tonnes of dry bulk cargo, such as clinker, gypsum, fertiliser, and grain.
Construction
Construction is expected to take place between 2026 and 2028, in close collaboration with the Port Authority of Douala, to address strong and sustained demand at Cameroon’s principal maritime gateway.
“This agreement represents a strategically important expansion of AD Ports Group’s presence in Africa and reinforces our commitment to developing high-impact maritime infrastructure in high-growth markets, in line with the vision of our wise leadership,” commented Mohamed Eidha Al Menhali, Regional CEO, AD Ports Group.
“We are honoured to bring this partnership to life with AD Ports Group, a global reference that shares our firm belief in this project, in Cameroon, and in the potential of the African continent,” added Marc Tabchy, Managing Partner, Africa Ports Development.
