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AD Ports Group has reported strong operational and financial performance in full year (FY) 2023, with revenue shooting up 112% year-on-year (YoY) to AED11.68 billion ($3.18 billion) and net profit rising 6% to AED1.4 billion.
Maqta Gateway, AD Ports Group’s digital arm, has acquired 60% equity stake in Dubai Technologies, a Dubai-based trade and transportation solutions’ developer for AED28 million ($7.6 million).
AD Ports implementation of port community system marks the first ever export of Abu Dhabi’s key port digitalisation solution.
Maqta Gateway, the digital arm of AD Ports, will install a Port Community System (PCS) at Aqaba to boost the port city’s maritime and tourism industries.
Digital Instrument Cluster: At EVangelise '23, organised by iCreate, Ahmedabad, an Indian startup, the Bengaluru-based Auklr Technologies, introduced an intelligent instrument cluster poised to redefine the driving experience for electric vehicles.