In Angola, the Luanda Ports Authority has finalized a 20-year concession agreement with Abu Dhabi Ports Group to revamp and manage the Luanda Multi-Purpose Terminal. As part of the agreement, 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.
Abu Dhabi Ports Group will invest US$251 million over the next three years (2024-2026) to modernize the terminal and establish a logistics center. The potential for investment to increase 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 anticipated growth in container volumes, forecasted to rise at an average annual rate of 3.3% over the next decade.
The collaboration between Abu Dhabi Ports Group and Angolan stakeholders aims to transform the port into a modern multi-purpose facility, significantly enhancing logistical capabilities and driving economic growth in the region. Under terms of concession agreement, joint project will revamp current multi-purpose terminal into a container and vehicle handling terminal, expanding concession area and upgrading infrastructure. Redevelment is set to be completed by third quarter of 2026, increasing container and vehicle handling capacities significantly.
In addition, joint venture with Unicargas will provide integrated logistics and shipping services, leveraging global experience and local capabilities to support customers across Angola and neighboring countries. Abu Dhabi Ports Group is committed supporting maritime operations in Angola and related sectors through strategic partnerships such as accommodation ships for offshore crews supply ships for offshore platforms. The group aims to drive operational efficiency while contributing towards economic development of Angola region through investments like these ones.
Overall, this investment shows that Abu Dhabi Ports Group is taking its commitment seriously towards developing Africa’s trade routes by investing in infrastructure development that could lead to significant economic growth for both Angola’s economy as well as its regional neighbors.
