AD Ports bolsters its diverse portfolio

Rapidly expanding AD Ports Group, part of ADQ, an Abu Dhabi-based investment and holding company, has bought stakes in local dredging and logistics firms, adding to its diverse offerings.

AD Ports Group now holds a 22.32% stake in logistics firm Aramex and a 10% stake in UAE-based contractor National Marine Dredging Company (NMDC).

Captain Mohamed Juma Al Shamisi, managing director and group CEO, AD Ports Group, said: “These two leading companies provide a strong strategic fit with AD Ports Group’s vision to develop the maritime and logistics industries across the region and globally.”