Page 714 - MOE ENGLISH PR - APRIL 2024

4/22/24, 2:17 PM AD Ports joins Iraq to develop Al Faw Grand port and its economic zone

Capt Mohamed Al Shamsi, managing director and group CEO of AD Ports Group (seated from left), and
Farhan Al Fartosi, director general of General Company for Ports of Iraq, signed the agreement in the
presence of Dr Thani Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Razzaq Muhaibas Al-
Saadawi, Iraq’s Minister of Transport. Photo: AD Ports

“The expansion of our collaboration demonstrates our commitment to

strengthening relations between both our countries,” said Capt Mohamed Al
Shamsi, managing director and group chief executive of AD Ports Group.

AD Ports, which has a portfolio spanning 27 terminals, currently has a
presence in more than 40 countries. Under Kezad Group, part of AD Ports, it

also operates more than 550 square kilometres of economic zones in Abu
Dhabi.
Feedback
The company has been rapidly expanding its presence in recent years. Last
month, it signed an agreement to buy a majority stake in a key dry port in

Tbilisi, Georgia.

In January, its Spanish operations division Noatum Terminals fully acquired
APM Terminals Castellon for €10 million ($11 million) in a move to strengthen
operations in the western Mediterranean region.

https://www.thenationalnews.com/business/economy/2024/04/03/ad-ports-joins-iraq-to-develop-al-faw-grand-port-and-its-economic-zone/ 3/4