AD Ports to Battle DP World for Cargo Business at Port of Luanda, Angola

The Port of Luanda in Angola is set to become a battleground of competition for two giant Arab companies after AD Ports officially commenced operations at the port under a long-term concession. AD Ports, the Abu Dhabi-based operator, announced that it has begun the long-term management and development of a major multipurpose terminal and associated logistics business at the port.

The company ventured into Angola in April last year after signing agreements with local firms Unicargas and Multiparques that saw it acquire an 81 percent stake to operate the terminal and a 90 percent shareholding in another logistics business. The company manag…