AD Ports Group has joined Africa Ports Development in a 30-year concession to design, build and operate a new dry bulk terminal at the Port of Douala in Cameroon.
Under the agreed investment structure, AD Ports Group and two other UAE investors will hold 60% of the operating company, while Africa Ports Development will retain 40%. This gives AD Ports Group an effective economic interest of 51%.
With this shareholding, AD Ports Group expects to invest about AED 320 million, equivalent to EUR 73.4 million, in phase one of the project. The first phase includes two berths and roughly 450 metres of quay wall with the capacity to handle about 4 million tonnes of dry bulk cargo each year, including clinker, gypsum, fertiliser and grain.
The partners plan to build the terminal between 2026 and 2028, working closely with the Port Authority of Douala to meet growing demand at Cameroon’s main maritime gateway.
As the country’s largest seaport, the Port of Douala handles most of Cameroon’s bulk imports and serves as a transit point for several landlocked markets in Central Africa. The new terminal will support regional supply chains and improve the movement of key cargoes. It will also draw on strong hinterland links that connect Douala to major industrial areas and trade corridors across the region.
AD Ports Group is expanding its presence across Africa, adding this project to its operations in Egypt, Morocco, Tunisia, Kenya, Tanzania, Angola and the Republic of the Congo, strengthening its role in trade and logistics infrastructure on the continent.
source:maritimafrica.com
African Maritime Council