Habib Al Mulla & Partners on Ghassan Abood Group deal with AD Ports Group
International law firm Habib Al Mulla & Partners, a member firm of Baker & McKenzie International, has advised Ghassan Aboud Group, a UAE based multi-business conglomerate, on a partnership agreement with AD Ports Group, the facilitator of trade and logistics in the Middle East, on the development of one of the region’s largest food trading and logistics centres in Abu Dhabi.
The transaction, which was announced on 9 February 2022, brings together Ghassan Aboud Group and AD Ports Group in collaboration with Rungis, a Paris-based wholesale food market, to create a competitive food trading platform serving the agriculture sector as well as various food companies and wholesalers and ensuring food security in the region.
Located at KIZAD and expected to start operating by the end of 2022, the regional food and logistics hub will have a special name that will be announced once operational.
The corporate/m&a team of Habib Al Mulla & Partners, a member firm of Baker & McKenzie International, was led by partner Omar Momany (pictured left) and senior associate Marcos Spanos (pictured right) and was supported by real estate senior associate Keri Watkins and associates Jaanzeb Khan and Tala Shomar