AD Ports Group signed an agreement with CMA CGM Group to acquire a 20% stake in the Latakia International Container Terminal (LICT), in Syria, for USD 22 million.
LICT is Syria’s main maritime gateway, handling more than 95% of the country’s container volume, especially for agricultural products and industrial goods.
Mohamed Juma Al Shamisi, managing director and CEO of AD Ports Group, stated that “we are pleased to expand our long collaboration with our valuable partner, CMA CGM Group. This strategic agreement reflects the growing international collaboration between our organizations and reinforces AD Ports Group’s position as a global facilitator of trade, logistics, and industry. Guided by the vision of our leaders in the United Arab Emirates, we are forging a future defined by global connectivity, through strong alliances with leading organizations like CMA CGM Group, mutually beneficial collaborations that contribute to expanding our international presence and the magnitude of our operations”.
CMA Terminals has operated LICT since 2009 and signed a modified 30-year concession agreement last May. LICT’s current capacity is 250,000 TEU, with plans to increase it to 625,000 TEU by the end of 2026.
Furthermore, GFS, the container shipping line of AD Ports Group, is well positioned to start a pair of services in the eastern Mediterranean that would include calls at the Port of Latakia.
This new alliance between AD Ports Group and CMA CGM Group strengthens and further expands their relationship. In December 2024, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, chairman of the Abu Dhabi Executive Council, inaugurated CMA Terminals Khalifa Port, a modern container terminal with an investment of USD 845 million.
To further strengthen connectivity and enhance the commercial reach of CMA Terminals Khalifa Port, AD Ports Group inaugurated in February 2025 the Al Faya Dry Port, an inland customs facility connected to Khalifa Port.
