AD Ports Group has signed a Head of Terms (HoT) with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire, Republic of Congo.
Under the HoT, AD Ports Group has the exclusive right to invest in the development, operation, and management of the “New Mole Port” that will handle containers, general cargo, break-bulk, and other types of cargo.
The Group will provide the new facility with digital services and technology solutions to enhance its efficiency including design, implementation and operation of a single-window, software development, digital architecture, business analytics, digital operations support, and digital transformation.
The HoT agreement runs for one year from the date of signing and could lead to a concession agreement subject to technical, legal, commercial, and environmental due diligence, reported the Group.
Executives of AD Ports’ anticipate that the collaboration will stimulate trade and enhance connectivity for the Republic of the Congo, which is pursuing a new National Development Plan (NDP) focusing on economic diversification and high, resilient, and inclusive growth.
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Denis-Christel Sassou Nguesso, Minister of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, said: “We are pleased to work with [AD Ports’] on the development of the new terminal at Pointe Noire Port.
“Their experience and global network will no doubt add significant value to our efforts to make the ‘New Mole Port’ in Pointe Noire one of the best performing ports on the central west coast of the African continent.”
This deal comes a month after AD Ports’ announced its annual financial results for 2022, reporting strong operational and financial performance, with a year-on-year revenue growth of 41 per cent to AED5.5 billion ($1.5 billion).