The UAE-based terminal operator AD Ports Group, in partnership with Unicargas and Multiparques, has laid the foundation stone for the Noatum Ports Luanda Terminal, signaling the beginning of a modernization and expansion effort at the Port of Luanda, Angola.

With an initial investment of $250 million over the first three years, the project is expected to reach a total investment of up to $380 million over the 20-year concession period, which is extendable until 2055. It is understood that the construction will span 18 months and will deliver infrastructure, technology, and sustainable equipment.