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AD Ports Buys Into Syria’s Latakia Terminal in CMA CGM Deal
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AD Ports buys into Syria’s Latakia terminal in CMA CGM deal
AD Ports Group has struck a deal with France’s CMA CGM Group to acquire a 20% stake in Latakia International Container Terminal (LICT), Syria’s main container facility, for AED 81m ($22m). Under the agreement, the Abu Dhabi-based ports and logistics group will join CMA CGM in the management and future expansion of the terminal, which …
Dubai, 6 Nov 2025 (AFP) – The Emirati company AD Ports has signed Thursday an agreement of 22 million dollars with the French giant CMA CGM to acquire a stake in the container terminal of the port of Latakia, while Damascus seeks to attract investments in order to revive its economy ravaged by the war. [...]
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