AD Ports Group signed a shareholders’ agreement with CMA CGM to jointly develop, manage and operate the New East Mole multipurpose terminal in Pointe Noire, Republic of the Congo.
AD Ports is majority shareholder in the joint venture with CMA CGM; together they will develop, manage, and operate New East Mole multipurpose terminal at the port of Pointe Noire, which will handle containers, general, breakbulk and other types of cargo.
AD Ports received a 30-year extendable concession at the gateway in June 2023. At the time it obtained the concession, AD Ports Group said it expected to invest about USD220 million (AED 807 million) to build a 400 m quay wall at 16 m depth, plus a 10 ha logistics area, during the first phase of the project.
With this new agreement, AD Ports and CMA CGM are further cementing their partnership after the inauguration of CMA Terminals Khalifa Port last December – a USD845 million container terminal that will eventually expand Khalifa port’s 7.8 million teu container capacity by 33 percent.
Mohamed Eidha Al Menhali, regional ceo for AD Ports, said: “We believe this partnership will position the Republic of Congo at the centre of maritime trade, in line with projections for annual growth of 3-5 percent in container volumes forecast for the country over the medium term.”
New East Mole multipurpose terminal has already placed an order for three super post-Panamax ship-to-shore (STS) cranes. Additionally, Pointe Noire will receive nine hybrid rubber-tyred gantry cranes (RTGs) and other associated handling equipment.
