AD Ports Group is committed to building elite trade and logistics propositions. As trade has grown, so have we. Today, we are an integrated business across 5 clusters – Digital, Industrial Cities & Free Zone, Logistics, Maritime, and Ports connecting global maritime routes and international trading partners.

Through organic growth and partnerships, AD Ports Group has developed over the years into an integrated premier enabler of trade, industrialisation, and economic diversification. Established by Emiri Decree and owned by ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

AD Ports Group

AD Ports Group today announced its financial results for the second quarter of 2023 (Q2'23), reporting revenue growth of 66 per cent year-on-year (YoY) to Dhs2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both organically and through M&A.

Revenue growth reached 44 per cent YoY on a like-for-like basis (LFL), excluding effect from M&A activity. Maritime, Digital, and Ports Clusters were the key growth drivers with 208 per cent, 26 per cent, and 22 per cent YoY, respectively.

AD Ports Group Q2'23 EBITDA rose by 29 per cent YoY to Dhs686 million, mainly driven by Maritime, Digital, and Ports Clusters as well as acquisitions (+13 per cent YoY on a LFL basis). Change in the revenue mix, lower share of profits from JVs and associates, and ramp-up/one-off costs associated with new businesses resulted in a normalisation of EBITDA margin to 33.3 per cent for the quarter vs. 38.5 per cent in Q2 2022.

Total Net Profit increased by 3 per cent YoY to Dhs310 million in Q2'23 as EBITDA growth was diluted by the increase in depreciation and amortisation charges as well as finance costs associated with deployment of new assets with deferred revenue effect.

The Group's Net Operating Cash Flows continued to improve to Dhs 508 million in Q2'23 while Capital Expenditures (CapEx) reached Dhs1.8 billion as per plan.

Going forward, AD Ports Group's revenue mix is likely to be more balanced across four of its five clusters with the recently completed acquisition of Noatum, a global integrated logistics services provider with a presence in 26 countries across five continents. The Spain-headquartered company generated revenue and EBITDA of Dhs5.69 billion (EUR 1.39 billion) and Dhs433 million (EUR 106 million) in the last twelve months as of 30th June 2023, respectively, performing in line with expectations since the transaction was announced.

Based on 2023's first six months financial performance for both AD Ports Group and Noatum, the latter accounts for over 50 per cent of AD Ports Group's revenue and 13 per cent of its EBITDA.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said, "I am delighted with our strong financial performance for Q2'23.

AD Ports Group delivers 66% revenue growth in Q2

RIYADH: AD Ports Group recorded a 66 percent year-on-year revenue growth in the second quarter of 2023 to hit 2.1 billion dirhams ($571 million), driven by business diversification as well as local, regional and international expansion.

AD Ports Group saw an increase in earnings before interest, taxes, depreciation and amortization by 29 percent to reach 686 million dirhams led by growth in the company's digital, maritime, and port clusters, the Emirates News Agency, also known as WAM, reported.

"I am delighted with our strong financial performance for the second quarter of 2023. With a remarkable 66 percent year-on-year revenue growth to 2.1 billion dirhams, we are successfully executing our diversification strategy and leveraging synergies from our recent acquisitions," Group CEO Mohamed Al-Shamisi said.

The company's net profit reached 310 million dirhams in the second quarter of the year, a growth of 3 percent compared to the same period last year.

Going forward, AD Ports Group aims to balance its revenue mix across four of its five clusters after its recent acquisition of Noatum, a global integrated logistics services provider.

UAE to supply Egypt with $500m worth of wheat

Egypt, one of the largest wheat importers in the world, is set to receive a fresh supply of grain from the UAE-based agribusiness Al-Dahra and the Abu Dhabi Exports Office after it signed a $500 million deal.

The agreement will span across five years with $100 million worth of supply per year to provide Egypt with imported wheat at competitive prices.

"The low-cost financing package from ADEX helps us procure high quality wheat at the lowest cost financing available, with comfortable payment terms," Egypt's Supply Minister Ali Moselhy said in a statement.

National banks increase credit facilities to business, industrial sectors

The UAE's national banks increased their credit facilities for the business and industrial sectors by 28.4 billion dirhams in the first five months of this year.

According to data from the Central Bank of the UAE, over a span of five months, the credit balance from national banks to the two sectors saw a 4 percent increase. The balance escalated from approximately 717.1 billion dirhams in December 2022 to 745.5 billion dirhams by May 2023.

In May, national banks increased their credit balance for the said sectors by 8.2 billion dirhams, reflecting a 1.1 percent month-on-month rise and a 3.3 percent year-on-year growth.

UAE In-Focus  --  AD Ports Group reports 66% growth in revenue in Q2 

AD Ports Group Signs Heads of Terms Agreement with SEMURG INVEST LLP for Grain Terminal in Kuryk Port Kazakhstan

AD Ports Group, the leading facilitator of global trade, logistics, and industry, has signed a Heads of Terms (HoT) agreement with SEMURG INVEST LLP (Semurg), the owner and developer of Sarzha Multifunctional Marine Terminal in Kuryk Port, to potentially invest in the grain terminal located at Kuryk Port in Kazakhstan.

Under the terms of the agreement, the two companies would form a joint venture to invest, operate and develop Sarzha terminal into a multipurpose terminal.

The Heads of Terms agreement was signed by Abdulaziz Zayed Al-Shamsi, Regional CEO of AD Ports Group and Nurzhan Marabayev, General Director of Semurg in the presence of Marat Karabayev, Minister of Industry and Infrastructure Development of Kazakhstan, Almas Aidarov, Deputy Minister of Foreign Affairs, Renat Bekturov, Governor of the Astana International Financial Center.

Abdulaziz Zayed Al-Shamsi, Regional CEO, AD Ports Group, said "This project would be of significant strategic importance, particularly in the context of the Transcaspian International Transport Route (TITR). Forming a joint venture with Semurg would be a key milestone in our Middle Corridor strategy."

He added, "This strategic move would come at a critical juncture, emphasising our Group's commitment to expanding our presence in Central Asia."

Nurzhan Marabayev, General Director, SEMURG INVEST LLP, said "Caspian Sea ports have emerged as pivotal hubs within the fast-growing global logistics supply chain. The cooperation between our two companies would bring new impulse to the ports development in Kazakhstan considering AD Ports Group's experience and expertise."

This Heads of Terms agreement follows the signing of a Memorandum of Understanding (MoU) with the Ministry of Industry & Infrastructural Development in January 2023 for strategic cooperation in the development of a marine fleet and coastal infrastructure in the Caspian and Black seas. The MoU was signed in the presence of the UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev.

Source:AD Ports Group

#Theshippingtribune #latestnews #shippingnews #dailynews #portnews

AD Ports Group Signs Heads of Terms Agreement with SEMURG INVEST LLP for Grain Terminal in Kuryk Port Kazakhstan

From improved service level agreements for walk-ins and contact centre enquiries to the launch of a digitalised Free Zone License application service through the Advanced Trade & Logistics Platform (ATLP), the initiatives included innovative approaches to making the flow of information more user friendly while enabling centralised access through Kezad Cloud for investor-related documents to all key government stakeholders and partners, for quick turnaround. Another key service improvement, the Customs Registration Number integration, provides the investor with an importer code immediately with the issuance of a licence.

AD Ports Group enhances customer experience

ABU DHABI, 23rd August, 2023 (WAM) -- AD Ports Group has completed a number of initiatives under "The Abu Dhabi Programme for Effortless Customer Experience," a pioneering new model that enables effortless customer experiences across Abu Dhabi Government.

Spearheaded by the Group's Economic Cities and Free Zones, and Digital clusters, the initiatives aimed at enhancing the omnichannel experience for clients at KEZAD.

From improved service level agreements for walk-ins and contact centre enquiries to the launch of a digitalised Free Zone License application service through the Advanced Trade and Logistics Platform (ATLP), the initiatives included innovative approaches to making the flow of information more user-friendly while enabling centralised access through KEZAD Cloud for investor-related documents to all key government stakeholders and partners, for quick turnaround.

Another key service improvement, the Customs Registration Number integration, provides the investor with an importer code immediately with the issuance of a license.

The new service operating procedures also allow investors to avail the licence application service through the UAE Pass application.

All initiatives aligned with the Effortless Customer Experience Programme model's four dimensions of direction, design, development and delivery, spanning from digitising services and systems integration to mapping stakeholder delegations for several relevant government entities, regular customer communication and comprehensive training for customer support functions.

The customer-focused approach resulted in completely transforming the investor registration process, cutting down the number of touchpoints required, offering a Single Window for free zone licence application and post-licencing services for KEZAD; in addition to building a state-of-the-art investor dashboard that unifies information from all relevant entities, facilitating Foreign Direct Investment through overseas registrations on ATLP.

Dr. Ali Hussain Makki, Executive Director - Logistics and Trade Facilitation Sector at the Abu Dhabi Department of Economic Development (ADDED), highlighted ADDED's commitment to bolstering trade and logistics sectors for economic growth. He praised AD Ports Group's efforts in improving customer experiences, streamlining procedures, and integrating government services to enhance trade facilitation solutions.

Abdullah Al Hameli, CEO of Economic Cities and Free Zones at AD Ports Group, emphasised the significance of initiatives like KEZAD Connect, Josoor, and Tawasul in maintaining open channels with customers. He underlined AD Ports Group's dedication to providing exceptional experiences through both in-person and digital interactions.

Dr. Noura Al Dhaheri, CEO of Digital Cluster and CEO of Maqta Gateway, discussed the innovative approach of the Digital Cluster in revolutionising trade and logistics. She highlighted the design thinking methodology, incorporating feedback from various stakeholders to minimise obstacles.

ATLP, developed and operated by Maqta Gateway under the supervision of the ADDED, serves as Abu Dhabi's Single Window for trade and offers 700+ services to the trade community in Abu Dhabi and beyond. With the recent launch of digitalised Free Zone Application service through ATLP, customers can easily lease land, warehouse, showrooms and flexi-desk space at KEZAD remotely.

The Abu Dhabi Programme for Effortless Customer Experience model addresses the entire customer experience holistically, is benchmarked against international standards and will see major investment in human capital through a government-wide effortless customer experience training programme.

AD Ports Group's economic cities, free zones and digital cluster enhances customer experience

AD Ports Group, the leading facilitator of global trade, logistics and industry has completed a number of initiatives under The Abu Dhabi Program for Effortless Customer Experience, a pioneering new model that enables effortless customer experiences across Abu Dhabi Government and positions the emirate as a leader in the field.

Spearheaded by the Group's Economic Cities & Free Zones and Digital clusters, the initiatives were aimed at enhancing the omnichannel experience for clients at KEZAD. From improved service level agreements for walk-ins and contact centre enquiries to the launch of a digitalised Free Zone License application service through the Advanced Trade & Logistics Platform (ATLP), the initiatives included innovative approaches to making the flow of information more user friendly while enabling centralised access through KEZAD Cloud for investor-related documents to all key government stakeholders and partners, for quick turnaround. Another key service improvement, the Customs Registration Number integration, provides the investor with an importer code immediately with the issuance of a license.

The new service operating procedures allow investors to avail the license application service through UAE Pass application as well.

All initiatives were aligned with the Effortless Customer Experience Programme model's four dimensions of direction, design, development and delivery, spanning from digitisation of services and systems' integration to mapping stakeholder delegations for several relevant government entities, regular customer communication and comprehensive training for customer support functions.

The customer-focused approach resulted in completely transforming the investor registration process, cutting down the number of touchpoints required, offering a Single Window for free zone license application and post-licensing services for KEZAD; in addition to building a state-of-the-art investor dashboard that unifies information from all relevant entities, facilitating Foreign Direct Investment through overseas registrations on ATLP and more.

H.E. Dr Ali Hussain Makki, Executive Director - Logistics and Trade Facilitation Sector at the Abu Dhabi Department of Economic Development (ADDED), said: "Abu Dhabi is firmly committed to continuously improving business ecosystem as part of ongoing efforts to enhance the emirate's position as preferred destination for talent, business, and investment.

As catalyst for economic growth and diversification, ADDED has been rolling out initiatives to enhance customer and stakeholder experiences in the trade and logistics sectors. We believe the efforts made by AD Ports Group to enhance customer experiences are valuable addition to our trade facilitation solutions by simplifying procedures, reducing time and cost, and enhancing seamless integration of government services".

Abdullah Al Hameli, CEO, Economic Cities and Free Zones, AD Ports Group said: "Customer Service is, and has always been one of the key differentiators at AD Ports Group and specifically KEZAD Group. We welcome initiatives like the Abu Dhabi Program for Effortless Customer Experience brings key organisations within the greater Abu Dhabi business ecosystem to work together to enhance this experience even further.

"Our Programmes like KEZAD Connect, Josoor, Tawasul are key initiatives that maintain our dialogue with our customers through in person and digital means, making us deliver on our promise of being available to our clients to listen, support and deliver exceptional experiences," he added.

Dr Noura Al Dhaheri, CEO of Digital Cluster and CEO of Maqta Gateway, AD Ports Group said, "At the Digital Cluster and AD Ports Group, we understand the importance of effortless omnichannel experiences and its impact on customer happiness. It has been our constant endeavor to accelerate the wise leadership's vision of delivering world-class, effortless customer experiences for all interactions with the government.

"The Cluster's technological developments geared towards transforming the trade and logistics industry follow design thinking approach. We are constantly monitoring direct and indirect feedback from customers, partners and stakeholders to reduce friction. The Effortless Customer Experience Programme has been instrumental in taking our efforts to the next level in the development and operations of ATLP, under the supervision of the Abu Dhabi Department of Economic Development."

The Advanced Trade & Logistics Platform (ATLP), developed and operated by Maqta Gateway under the supervision of the Abu Dhabi Economic Development (ADDED), serves as Abu Dhabi's Single Window for trade and offers 700+ services to the trade community in Abu Dhabi and beyond. With the recent launch of digitalised Free Zone Application service through ATLP, customers can easily lease land, warehouse, or showrooms and even flexi-desk space at KEZAD remotely.

The Abu Dhabi Program for Effortless Customer Experience model addresses the entire customer experience holistically, is benchmarked against international standards and will see major investment in human capital through a government-wide effortless customer experience training programme.

Source: AD Ports

AD Ports Group

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AD Ports Group delivers 66% revenue growth in Q2

UAE In-Focus -- AD Ports Group reports 66% growth in revenue in Q2

AD Ports Group Signs Heads of Terms Agreement with SEMURG INVEST LLP for Grain Term...

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