Abu Dhabi Ports raises stake in FedEx to 81%
The Abu Dhabi Ports Group has increased its stake in Global Forward Shipping to 81%, following the acquisition of an additional 30% share valued at 1.1 billion AED (approximately 300 million USD). The group believes that this move enhances its operational capabilities and expands its geographical presence in strategic markets such as the Gulf and other regions, enabling it to develop its logistics services and boost global trade flows. The company continues to grow, with a target of handling 2.8 million containers by 2025 and increasing its revenues by 17% compared to the previous year.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)