AD Ports Announces USD 1.5 Billion Investment in African Maritime Trade and Logistics
Abu Dhabi Ports (AD Ports), a leading global logistics and port management company, has invested USD 1.5 billion in maritime trade and logistics infrastructure across Africa, according to the company’s country manager in Angola, Joaquim Piedade.
Speaking during a panel discussion on the “Importance of Ports in Creating Value Chains,” held as part of the first African Sustainable Investment Summit (ASIS) in Luanda, Piedade explained that the bulk of the investment has been directed to the Democratic Republic of Congo (DRC), Egypt, and Angola. Additional funding is expected to extend to other African nations next year.
Piedade emphasized that these investments are aimed at unlocking the continent’s economic potential through stronger connectivity. Improved infrastructure, he noted, will give entrepreneurs and farmers new opportunities to bring their products to market more competitively.
The African Sustainable Investment Summit opened on Wednesday in Luanda and is being held alongside the 10th Annual Meeting of African Special Economic Zones.
Organized by the Organization of African Economic Zones (AEZO) in partnership with the Luanda-Bengo Special Economic Zone, the three-day event gathers 300 delegates and representatives from 58 Special Economic Zones across 37 countries.
This year’s program focuses on several strategic themes, including “Challenges of Industrialization and Attracting Investment to the Continent,” “Importance of Ports in Creating Regional Value Chains,” “New Trends and Developments in the Ecosystem of Special Economic Zones in Africa,” and “Corridors for Capital Flows—Investing in Infrastructure and Energy Transition in Africa,” among others.
