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AD Ports starts Luanda works
Photo: AD ports group
AD ports group has reported it started construction on the 'Noatum ports luanda terminal', launching one of Angola’s largest port modernisation projects. In partnership with Unicargas and Multiparques, the group laid the foundation stone on 19 September. The concession runs for 20 years, extendable until 2055, with investment totalling up to USD 380 million, including USD 250 million in the first three years.
The 18-month project will deliver upgraded infrastructure, digital systems and equipment aiming to enhance the Port of Luanda’s role as a Central and West African hub. "This flagship project reflects our long-term strategy to deliver world-class infrastructure, advanced technology, and sustainable solutions that not only enhance trade and logistics but also create meaningful opportunities for the local community," said Mohammed Al Tamimi, CEO of Noatum ports. (js)