News / AD Ports faces DP World in Luandan venture

The prospect of neighboring port operators from Dubai and Abu Dhabi locked in competition within a single port is set to become a reality, after AD Ports signed a joint-venture agreement that will see it enter the Angolan gateway port of Luanda.

The Abu Dhabi-based operator signed a series of agreements with local Angolan transport firms Unicargas and Multiparques, that led it to secure a 20-year concession with a further 10-year option with the Luanda Port Authority, to develop and operate ...