Abu Dhabi Ports Group has recently finalized several agreements with Unicargas and Multiparks to revamp and manage the Luanda Multi-Purpose Terminal in Angola. As part of these agreements, Abu Dhabi Ports Group acquired an 81% stake in a joint venture to operate the terminal and a 90% stake in another joint venture to offer services to the terminal and the broader Angolan logistics market.
To modernize the terminal and establish a logistics center, Abu Dhabi Ports Group will invest US$251 million over the next three years (2024-2026), with the potential to increase the investment to US$379 million over the concession period based on market demand. The port serves as the main maritime gateway in Angola, handling over 76% of containers and general cargo in the country. Its strategic location positions it well to accommodate the anticipated growth in container volumes, forecasted to rise at an average annual rate of 3.3% over the next decade.
The port also plays a critical role in providing transshipment services in Central West Africa, supporting maritime trade in landlocked countries like Democratic Republic of Congo and Zambia. The collaboration between Abu Dhabi Ports Group and Angolan stakeholders aims to transform the port into a modern multi-purpose facility, contributing significantly to enhancing logistical capabilities and driving economic growth in the region.
Under the terms of the concession agreement, a joint project will revamp