Abu Dhabi Ports’ revenues grow 22% to AED 2.79 billion in 9 months

Abu Dhabi Ports Group announced today, Saturday, financial results for the first nine months of 2021, where it recorded a growth rate of 22% to reach AED2.791 billion compared to the same period last year, which reached 2.295 billion AED. it is due to the increase in volumes handled and diversification in New business sectors and new partnerships.

Earnings before interest, taxes, depreciation increased over the period to reach AED 1.161 billion from AED 1.018 billion, up 7% over the same period last year thanks to significant growth in most business sectors of the group .

In terms of general goods, the volumes handled have grown to 37 million tons in the first nine months of 2021 from 22 million tons in the same period last year, and the industrial areas have seen the leasing of areas equal to about 2.7 million square meters over the same period, reflecting the tangible global impact of the resumption of the COVID-19 pandemic despite some obstacles still faced by the global supply chain.

Also the volumes of container handled have recorded an increase up to reach 2.47 million teu in the first nine months of 2021 compared to the previous data recorded in the same period last year, which amounted to 2.42 million teu, despite some restrictions. that the world of shipping and container industry is still witnessing.

Among the most important operating results recorded in the aforementioned period was the signing of a concession contract with the “CMACGM” group in July 2021 which provided for the establishment of a new container terminal in the port of Khaliah, in addition to the signing of a first agreement with the Aqaba Development Company, which provides for the development and operation of a new cruise terminal in the port of Aqaba, in the Hashemite Kingdom of Jordan, which is the first of its kind in the Kingdom and is the first cruise terminal for Abu Dhabi Ports Group outside the United Arab Emirates.

In addition, the group has entered into a preliminary agreement with the General Company for Ports in Iraq to explore cooperation prospects in the transport and maritime transport sectors.

The capital invested in the first nine months of 2021 increased to 23 billion dirhams, equal to 6.3 billion dollars, from 19.9 billion dirhams, equivalent to 5.4 billion dollars invested in the same period of 2020, in in line with the expansion programs in course that operate the group implement.

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