AD Ports Group Partners With CMA CGM To Acquire Minority Stake In Latakia International Container Terminal

AD Ports Group has entered into a joint venture with France's CMA CGM Group, acquiring a 20% stake in the Latakia International Container Terminal (LICT) for AED 81 million (US$22 million). LICT is Syria's main maritime hub, managing over 95% of the nation's container traffic, particularly for agricultural and industrial goods.

The agreement was formalised in Abu Dhabi, attended by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, and Rodolphe Saadé, Chairman and CEO of CMA CGM Group. "We are pleased to broaden our long-standing partnership with our valued partner, CMA CGM Group," stated Captain Mohamed Juma Al Shamisi.

This collaboration aims to modernise terminal infrastructure and digital systems while boosting operational efficiency. The focus is on re-establishing Latakia as a crucial trade gateway for Syria and the Eastern Mediterranean, enhancing trade flows and fostering economic growth. This partnership will also expand AD Ports Group's international presence.

CMA Terminals has managed LICT since 2009 and recently signed an updated 30-year concession agreement. The terminal currently handles 250K TEUs, with plans to increase capacity to 625K TEUs by the end of 2026. This expansion aligns with the strategic goals of both companies.

In December 2024, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan inaugurated CMA Terminals Khalifa Port. This AED3.1 billion (US$845 million) facility is operated by a joint venture between CMA Terminals (70%) and AD Ports Group (30%). This development underscores their commitment to enhancing global connectivity.

Further strengthening their collaboration, both parties signed an agreement in February 2025 to develop the New East Mole multipurpose terminal in Pointe-Noire, Republic of the Congo. This initiative highlights their shared vision for expanding commercial reach across regions.

Infrastructure Developments

AD Ports Group also launched Al Faya Dry Port in February 2025. This customs-bonded inland facility connects seamlessly to Khalifa Port, serving as a vital transit hub that accelerates market access and offers cost-effective cargo solutions for Dubai and the Northern Emirates.

Additionally, GFS, a container feeder shipping company owned 51% by AD Ports Group, is set to initiate services on the East Mediterranean route that will include stops at Latakia port. This move further integrates regional shipping networks.

The partnership between AD Ports Group and CMA CGM Group continues to strengthen their relationship while expanding their operational capabilities globally. Their collaborative efforts are poised to enhance trade infrastructure significantly in Syria and beyond.

With inputs from WAM