Angola’s Luanda Port has been acquired by Abu Dhabi Ports Group in a 20-year concession agreement. The Port of Luanda is the main maritime gateway in Angola, handling over 76% of containers and general cargo in the country. With an option to extend for another ten years, the concession agreement will enable Abu Dhabi Ports Group to modernize the terminal and establish a logistics center.
As part of the agreements with Unicargas and Multiparks, 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. The group plans to 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 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 the concession agreement, Abu Dhabi Ports Group will revamp the current multi-purpose terminal into a container and vehicle handling terminal, expanding the concession area and upgrading infrastructure. The redevelopment is set to be completed by the third quarter of 2026, significantly increasing container and vehicle handling capacities.
In addition, a joint venture with Unicargas will provide integrated logistics and shipping services, leveraging global experience and local capabilities to support customers across Angola and neighboring countries. Through strategic partnerships and investments, Abu Dhabi Ports Group aims to drive operational efficiency and contribute to