Group’s investment could increase to US$ 380mn over the life of the concession
AD Ports Group recently began its long-term management and development of a major multipurpose terminal and an associated logistics business with local partners in Luanda, Angola, driving forward its expansion in sub-Saharan Africa.
With Angolan joint venture partners Unicargas and Multiparques, AD Ports Group started operations at Noatum Ports Luanda Terminal in the country’s largest port. The Port of Luanda handles about 76% of Angola’s container and general cargo volumes, as well as providing maritime access to landlocked neighbours Democratic Republic of the Congo and Zambia.
AD Ports Group has an 81% stake in the multipurpose terminal venture with Unicargas and Multiparques, and a 90% stake in the logistics venture with Unicargas.
Under a 20-year concession agreement with the Luanda Port Authority signed in April 2024, AD Ports Group committed to invest around US$ 250mn through 2026 to modernise the terminal and to develop Noatum Unicargas Logistics, the joint venture providing integrated logistics, transport and freight forwarding services for local, regional and international clients.
Significant investment
With the terminal’s opening today, trading began at Noatum Unicargas Logistics. Noatum Unicargas Logistics is making a significant investment in new trucks and systems and will be fully integrated with the Noatum Logistics global network to strengthen Angola’s access to international markets and drive investment-led growth in the Angolan economy.
In line with market demand, AD Ports Group’s investment could increase to US$ 380mn over the life of the concession, which could be extended by another 10 years.
“AD Ports Group is positioned to capture the growth in Angola’s container volumes, which are forecast to rise on average by 3.3% annually over the next decade,’’ explained Mohamed Eidha Al Menhali, Regional CEO, AD Ports Group.
Multi-purpose facility
“Our strategic partnership with AD Ports Group Port of Luanda into an efficient, high-performance multipurpose facility that transforms our logistical capabilities and drives economic growth across central west Africa,” noted Ricardo Daniel Sandão Queirós Viegas de Abreu, Minister of Transport, Angola.
The terminal area of 192,000sqm will be re-engineered to support high density and efficient container handling and will be equipped with state-of-the-art equipment and modern IT systems.
AD Ports Group has expanded into Africa over the past three years, announcing more than USD 800 million in planned investments in the maritime and shipping, ports and logistics sectors in Egypt, the Republic of Congo, Tanzania and Angola.
