Through its joint venture with Unicargas, AD Ports Group will acquire an 81% stake and manage terminal operations. Additionally, the company will hold a 90% stake in a joint venture with Multiparques, which will concentrate on port services and the broader Angolan logistics market.

“This collaboration marks a significant milestone in our mission to modernize infrastructure and expand global trade access, promising a prosperous future for Angola and its partners,” stated Ricardo Daniel Sandão Queirós Viegas de Abreu, Minister of Transport, Angola.

The formation of the partnerships is part of a broader framework agreement signed in 2023 between AD Ports Gropu and the Angolan government to enhance collaboration on infrastructure development and economic expansion.

Luanda Port handles 76% of Angola’s container and cargo volumes and is poised to play a pivotal role in accommodating the country’s anticipated 3% annual growth in container traffic over the next decade.