AD Ports Group, a leading global enabler of trade, transport, industry, and logistics, issued its 2024 Annual Report, which chronicled a year of revenue and profit growth, as the Group consolidated two major acquisitions and drove forward its profit-enhancing international expansion.

The report highlights the ongoing expansion of the Group, as it consolidated Noatum, a leading global logistics company, and Global Feeder Shipping (GFS), a Dubai-based regional container feeder shipping company, while securing multipurpose terminal concessions and intermodal facilities along some of the world’s fastest-growing trade corridors in Egypt, Pakistan, Angola, Tanzania, and Georgia.

All of AD Ports Group’s vertically integrated business clusters—Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital—contributed to record 2024 Group revenue of AED 17.29 billion, and record Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of AED 4.51 billion, up 48% and 69%, respectively, from 2023.

Revenue has risen five-fold and EBITDA nearly three-fold, since 2020, amid the Group’s “intelligent internationalisation’’ expansion strategy and its significant investments at home to support Abu Dhabi’s development into an international trade and industrial hub.

Highlights included the December inauguration of CMA Terminals Khalifa Port, an AED 3.1 billion (USD 845 million) container terminal collaboration with strategic partner CMA CGM Group, which expanded the port’s capacity by 23%, securing Abu Dhabi’s position at the forefront of global trade, and underscoring the Group’s commitment to the Emirate and UAE.

During the year, the Group expanded through acquisitions in Africa, Europe, and Central Asia and added to its global ports and terminals network with new terminal concessions in Egypt, Pakistan, and Angola, as it restructured its growing global business around three new core brands—Noatum Ports, Noatum Maritime, and Noatum Logistics.

Reflecting the Group’s enhanced global role, Khalifa Port was ranked for the first time in the top 20 (position 19) of the world’s largest container ports by Drewry International. The Group also received prestigious international awards for its financial strength and performance, investor relations, employee workplace environment, and ESG programs, among others.

Most investments are currently made in Abu Dhabi, which continues to anchor the global business and drive the Group’s expansion abroad. The growth strategy is linked to leveraging Abu Dhabi’s international standing as a global trading hub. The international opportunities that are being added to the Group offer additional scale, and strong and stable management, while contributing to the Group’s bottom line.

Not only did the Group’s global footprint grow bigger and more diverse in 2024, but it also became more profitable as the five core business clusters leveraged the synergies of their expanding complementary portfolio. With multimodal global connectivity across sea, road, and, for the first time at Khalifa Port, rail, the Group’s multi-cluster business ecosystem delivered on its mission to enable increasing levels of trade in the Middle East and across its global footprint.

2024 was a positive year for container, bulk, Ro-Ro, tanker, and offshore segments, which benefited AD Ports Group, operator of the world’s third-largest pure independent feeder shipping service, according to industry group Alphaliner. The 2.2% growth in global seaborne trade volumes, according to Clarkson’s Research, coupled with Red Sea disruptions that elevated container shipping rates, and diverted Ro-Ro volumes to Autoterminal Khalifa Port, helped drive the Group’s record revenue and earnings.

While global cargo demand may soften slightly in 2025, a new series of expected UAE bilateral trade deals, and a government strategy to double cumulative Foreign Direct Investment (FDI) by 2031, are seen as sustaining demand.

The UAE economy, boosted by higher oil production and rising exports, continued to outperform the global economy. The UAE economy grew 3.8% annually in the first nine months of 2024 from a year earlier, according to the UAE Ministry of Economy, with the pace expected to accelerate to 4% to 5% in 2025, amid increasing oil and non-oil based GDP growth.

2024 was a strong year across most cargo segments, as China remained a key driver of the world economy. General cargo volumes were up about 40% year-on-year, supported by the Group’s Karachi Bulk Terminal, which commenced operations in early 2024.

Keys to growth in 2024 were the full integration of Noatum and GFS, which transformed the Group’s reach and connectivity, generating savings and creating new cross-market routes, products, and end-to-end solutions, which drove record results.