Abu Dhabi Ports Group revenue rises in 9M2021

FILE PHOTO: Containers are seen at Abu Dhabi's Khalifa Port after it was expanded in Abu Dhabi, UAE, December 11, 2019. REUTERS/Satish Kumar/File Photo

The Abu Dhabi Ports Group reported a 22% revenue increase for the first nine-months of the year, according to a statement.

The AD Ports Group revenue grew to 2.791 billion dirham ($760 million) compared with 2.295 billion dirham ($625 million) in the same period last year.

“We are well-positioned for sustained growth as the world economy recovers from the impact of the global pandemic and as we take an active role in helping to resolve global supply chain issues,” Mohamed Al Shamisi, Group CEO of AD Ports Group, said.

The increase in revenue was driven by volume growth, business diversification and new partnerships. “We have maintained our focus on delivering stable returns, building on the firm foundation of our long-term contracts backed by a prudent investment strategy,” Martin Aarup, Group Chief Financial Officer at AD Ports Group, said.