AD Ports Group has acquired a 20% stake in the Latakia International Container Terminal (LICT). The deal was signed with CMA CGM Group for AED 81 million (USD 22 million).
LICT is Syria’s main maritime gateway. It handles over 95% of the country’s container traffic, mainly agricultural and industrial goods. The terminal currently handles 250,000 TEUs and plans to expand to 625,000 TEUs by 2026.
The agreement was signed in Abu Dhabi. Captain Mohamed Juma Al Shamisi, AD Ports CEO, and Rodolphe Saadé, CMA CGM CEO, attended the signing.
Captain Al Shamisi said: “This deal strengthens our partnership with CMA CGM. It expands AD Ports’ international footprint and reinforces our role in trade, logistics, and industry.”
The partnership will modernize terminal infrastructure, upgrade digital systems, and improve operations. It aims to restore Latakia as a key trade gateway for Syria and the Eastern Mediterranean.
CMA Terminals has operated LICT since 2009 and signed a 30-year concession in May 2025. AD Ports’ feeder shipping company, GFS, plans to launch services calling at Latakia port.
This deal builds on prior collaborations, including CMA Terminals Khalifa Port in Abu Dhabi and the New East Mole terminal in Pointe-Noire, Republic of the Congo. AD Ports also opened Al Faya Dry Port in February 2025 to link inland operations to Khalifa Port.
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