Abu Dhabi Ports Group, in collaboration with Unicargas, has embarked on a transformative venture to revitalise and operate the Port of Luanda, an initiative that aims to strengthen Angola as a key maritime centre in Africa. This partnership promises to modernise the port’s infrastructure and significantly improve its cargo handling capacities, with an expected growth rate of 3.3% per year over the next decade.
Substantial investment commitment
ADP’s commitment involves an investment of 410 million dollars with the aim of strengthening Angola’s economic outlook, increasing employment opportunities and expanding the port’s capacity to handle increased trade flows and connectivity.
Economic and regional impact
The improved port will act as a vital node for trade throughout Central and West Africa, providing unprecedented access to international markets and boosting economic activities in Angola and beyond. The initiative is expected to have a profound impact on the economic vitality of Angola and neighbouring countries.
Strategic importance
The strategic improvements to the Port of Luanda will make it one of the most capable and versatile ports in the region, ready to handle the future demands of maritime trade and logistics.
Quotes from the leadership
His Excellency the Minister of Transport, Ricardo Viegas D’Abreu, said that the Port of Luanda “is a vital centre for regional trade and for the economic vitality of the country and its neighbours”. He reaffirmed that this agreement will “stimulate the economic growth of the entire central and western region of the African continent”.
“The multifunctional terminal will be upgraded to attract the operations of the world’s leading shipping companies”, said Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports Group. He also emphasised that the aim is “to offer the highest levels of efficiency and quality of service, for the benefit of our two nations and all other stakeholders, in particular customers”.
Looking to the future
The collaboration between ADP and Unicargas reflects a shared commitment to promoting Angola’s commercial infrastructure and economic potential, setting a benchmark for future developments in the region.
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