Abu Dhabi Ports Group to Invest $251 Million in Luanda’s Multi-Purpose Terminal Renovation

The Luanda Ports Authority recently signed a 20-year concession agreement with Abu Dhabi Ports Group to revamp and manage the Luanda Multi-Purpose Terminal in Angola. The agreement includes an option to extend for another ten years, and as part of the deal, Abu Dhabi Ports Group acquired an 81% stake in a joint venture to operate the terminal, and a 90% stake in another joint venture to offer services to the terminal and the broader Angolan logistics market.

To modernize the terminal and establish a logistics center, Abu Dhabi Ports Group will invest US$251 million over the next three years (2024-2026), with the potential to increase the investment to US$379 million over the concession period based on market demand. The port serves as the main maritime gateway in Angola, handling over 76% of containers and general cargo in the country. Its strategic location positions it well to accommodate anticipated growth in container volumes, forecasted to rise at an average annual rate of 3.3% over the next decade.

The collaboration between Abu Dhabi Ports Group and Angolan stakeholders aims to transform the port into a modern multi-purpose facility, contributing significantly to enhancing logistical capabilities and driving economic growth in the region. Under the terms of