AD Ports and Adani Group Forge Partnership for Major Tanzania Port Investment

AD Ports Group has partnered with India’s Adani International Port Holding and East Harbour Terminals Ltd. to establish East Africa Gateway Ltd., headquartered in Abu Dhabi’s Kezad zone. Adani International Port Holding, a subsidiary of Adani Ports and Special Economic Zone Ltd., joins this venture in which AD Ports Group holds a 30% stake.

The consortium has acquired 95% of Tanzania International Container Terminal Services (TICTS) for $39.5 million from Hutchison Port Holdings, Hutchison Port Investments, and Harbours Investment. The acquisition is set to be finalized by the end of June.

TICTS, which operates all port handling equipment and manpower at Dar es Salaam Port’s Container Terminal 2, boasts an annual container capacity of 1 million TEUs. In 2023, the terminal managed approximately 0.82 million TEUs, accounting for 83% of Tanzania’s total container volume.

Adani International Port Holding, part of Indian billionaire Gautam Adani’s diverse business empire, views this partnership as a strategic entry into the African market. “Through such strategic partnerships, we aim to leverage our combined know-how and expertise to develop infrastructure in Tanzania, support its economic growth and increase its competitiveness globally,” said Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.

The UAE company continues to expand its presence in Africa, building on existing port and container terminal management contracts across the continent.