Search Site

Trends banner

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

AD Ports, Hutchison to explore investments in GCC, Asia, Africa

AD Ports Group’s revenue grew 48 percent Year on Year in 2024.
  • They will partner to operate within Tanzania to enhance the capabilities and market competitiveness of port operations in the country, including Dar Es Salaam Port.
  • Potential areas of focus include improving servicing to several of Tanzania’s landlocked remote areas and neighboring countries.

Abu Dhabi Ports and Hutchison Ports have signed an MoU to identify joint investment and business opportunities related to feedering, logistics, and port activities across the GCC, Africa and Asia.

The two organizations will also form a partnership to operate within Tanzania, where they will work closely together to explore opportunities to further enhance the capabilities and market competitiveness of port operations across the East African country, including Dar Es Salaam Port.

Potential areas of focus include improving servicing to several of Tanzania’s landlocked remote areas and neighboring countries, cultivating more cargo sources, and the enhancement of existing supporting logistics and cargo processing facilities.

Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, said, “We are pleased to announce the start of a new collaboration with Hutchison Ports. As a starting point, we will work together to enhance and elevate Tanzania Port’s standing as a world-leading trade hub.”

“AD Ports Group will advance plans to develop and implement an innovative logistics, transportation, and digital port management system, as well as investing in the development of new infrastructure, such as logistics centers and new inland container depots around Dar Es Salaam Port,” he added.