Emil Pellicer

AD Ports Group Secures 20-Year Concession In Angola

 AD Ports Group, a global leader in trade facilitation, logistics, and industry, has recently signed a 20-year concession agreement with Unicargas and Multiparques to operate and enhance the Luanda Multipurpose Port Terminal. This landmark agreement, which can be extended by an additional 10 years, underscores AD Ports Group’s commitment to Angola’s maritime infrastructure and economic growth

AD Ports Group acquired an 81% stake in a joint venture responsible for operating the Luanda Multipurpose Port Terminal. Additionally, the Group holds a 90% stake in another joint venture that serves the facility and the broader Angolan logistics market.

The Port of Luanda, as Angola’s primary maritime gateway, plays a pivotal role in the country’s domestic economy. It currently handles over 76% of Angola’s container and general cargo volumes. Positioned strategically along a critical corridor, Luanda is well-situated to capture the anticipated growth in container volumes, projected to rise at an average annual rate of 3.3% over the next decade. Furthermore, it serves as a vital transshipment hub for Central-West Africa, facilitating maritime trade access to land-locked countries such as the Democratic Republic of Congo and Zambia.

AD Ports Group’s commitment extends beyond operational improvements. The Group has pledged USD 251 million for the modernization of the terminal and the development of logistics services over the next three years (2024-2026). This investment could potentially increase to USD 379 million over the concession term, aligning with market demand and contributing significantly to economic growth in the region

Emil Pellicer (pictured), the Group General Counsel for AD Ports Group, played a crucial role in facilitating this agreement.