AD Ports Group announced increased revenues in 2022, reporting a year-on-year 41% spike and reaching US$1.5 billion, while the company’s total net profit grew 51% and climbed to approximately US$350 million.
As part of its development plan, the Group signed seven merger and acquisition transactions totalling US$1.6 billion in 2022.
According to Oxford Economics, AD Ports Group’s fully integrated business strategy, which includes Economic Cities & Free Zones, Ports, Maritime, Logistics, and Digital Clusters, will allow the Group to contribute 13% of UAE non-oil GDP and 24% of Abu Dhabi non-oil GDP in 2022. In addition, the Group has enabled over 373,000 workers in the United Arab Emirates (UAE).
AD Ports Group’s shares produced over 80% profits for stockholders after one year on the ADX and are among the top three performing companies in the area over the same 12-month timeframe.
The Group has also made significant progress in broadening its worldwide presence, with noteworthy acquisitions including a 70% share in Egypt’s Transmar and TCI, an 80% stake in worldwide Feeder Shipping (GFS), and a 100% stake in Noatum.
Furthermore, by establishing the KEZAD Group, AD Ports Group strengthened its position as a dominant force in the global economic landscape. KEZAD, which consists of 12 economic zones spread across a vast region of 550 square kilometres, has grown to become one of the world’s biggest economic zones.
