On February 6th, 2024, AD Ports Group announced that its digital arm, Maqta Gateway, has acquired a Majority stake, 60% equity in Dubai Technologies, a Dubai trade and transportation solutions developer.

The total purchase consideration for the 60 percent shareholding amounts to AED 28 million.

The company recorded revenues of AED 70.5 million and EBITDA of AED 8.4 million for FY2023.

The company has created a platform for managing port operations called Minato®. In addition, they have developed four transportation platforms and nine customized solutions for digitally-focused government agencies at the regional level.

These solutions have been developed in-house by the company’s 300+ team members who work collaboratively across the UAE and India.

Minato® is a technology that port operators are currently using across the globe. It includes an advanced digital twin technology that is sought after in the port industry. Its addition to Maqta Gateway’s existing single window offering for port digitalization will be highly beneficial.

Furthermore, the gradual implementation of Minato® across all international ports managed by AD Ports Group will lead to cost synergies for the company.

The company’s transportation platform includes fleet management, passenger transportation, smart driving analytics, and waste transportation management.

This can be utilized by the group to improve logistics efficiency in both hinterland and industrial zones’ operations.

Maqta Gateway, a company specializing in digital trade solutions, has acquired to broaden its portfolio in this area. This move will also extend its in-house capabilities, realize cost synergies, and strengthen its position as a developer of digital trade solutions.

The offshore development expertise of the acquired company will be of value as Maqta Gateway expands internationally. Additionally, Maqta Gateway has set up an R&D hub in Vietnam, following its acquisition of TTEK Inc.

Captain Mohamed Juma Al Shamisi, the Managing Director and Group CEO of AD Ports Group, stated that the company has recognized the importance of keeping up with advanced technologies and utilizing innovative solutions to reimagine the future of trade on a regional and global scale.

This aligns with the vision of their leadership. The recent acquisition of new technologies reflects the company’s plans to enhance AD Ports Group’s position as a provider of integrated digital trade solutions to core markets and increase self-reliance on critical technologies for their business.

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EDGNEX, a company owned by DAMAC in Dubai, is working with Vodafone to build a data center in Izmir, Turkey.

The company announced in a press statement that:

• They plan to allocate USD100 million to the data center with a capacity of 6 megawatts (5 megawatts is enough to support 2,000 servers).
• The project is estimated to be completed by the year 2025.

Quotes about the data center in Turkey:

Aqil Ali, Vice President of EDGNEX, DAMAC said that The Eastern Mediterranean region has a high demand for data centers, making Izmir, one of the largest and oldest cities in Turkey, an ideal location to meet this need,”

Engin Aksoy, CEO of Vodafone Turkey, said the partnership aims to develop data center facilities in Turkey and international markets.

He added that the company plans to grow exponentially with investments in data centers, cloud solutions, cyber security, mobile private networks, and IoT over the next five years.

He also stated “We believe that Turkey should take part in this rising economy. It remains crucial to invest in reliable and high-capacity data centers for cloud computing,”

The statement said the data center will employ the most recent tech and adhere to Tier 3 requirements, promising a 99.982 percent uptime, total redundant Ness, and fault tolerance.

The planned data center will act as a bridge connecting the Middle Eastern region to Europe through cross-ocean and terrestrial cables.

EDGNEX is a company established by the Dubai-based DAMAC Group, it is a multi-tenant data center provider supporting hyperscale wholesale and retail colocation across the Middle East and Europe.

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 The largest operator of fully integrated economic zones, business services, staff accommodation, and industrial real estate solutions in UAE has recently announced that they are expanding their warehousing capacity by developing an additional 250,000 square meters. This is in addition to their previous estimate of 587,000 square meters from Q3 2023, out of which 93,000 square meters were allotted for cold storage facilities.

The group is investing $169M to boost its warehouse capacity by 43% by 2025, The group has already begun construction due to the strong demand for warehousing and other prebuilt facilities across the emirate of Abu Dhabi, this includes but is not limited to constructing more than 97,500 square meters of leasable area in Khalifa (KEZAD Al Ma’mourah A, B)  industrial area and more than 15,300 square meters of leasable area in ICAD 3.

Kezad Group has already developed and delivered over 270,000 square meters of warehouse capacity since Q3 2022, with the leased area seeing a 66% increase over that period. The development includes prebuilt facilities to fit various sizes and specifications, consisting of logistics and distribution warehouses, light industrial units, and showrooms of different sizes.

The Kezad group’s CEO, Mohamed Al Khadar Al Ahmed, announced that their goal to strengthen and improve the ecosystem and zones has resulted in an increased and continuous demand for warehousing and industrial units and that they are committed to developing more facilities to meet the current and future demands while holding a competitive cost of doing business to expand and reach new markets in the region.

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The launch occurred during the Department of Finance’s (DOF) showcase as part of Ajman Government’s participation at GITEX Global 2023 taking place at the Dubai World Trade Centre.

Marwan Ahmad Al Ali emphasised the significance of launching this cutting-edge system, highlighting Ajman DOF’s dedication to improving the efficiency and effectiveness of government financial operations. The objective is to deliver advanced, smart services, ensuring an unparalleled experience for government staff and the public. This move resonates perfectly with DOF’s strategic mission of establishing a pioneering government entity that significantly enhances the financial competitiveness of Ajman.

He commended the Department of Finance for its commitment to staying at the forefront of technological innovation, enhancing the synergy of government services throughout the emirate. Additionally, he emphasised that deploying these smart services bears witness to the progressive vision of the emirate’s leadership to evolve Ajman into a smart emirate deeply rooted in green economic principles and sustainability.

Abdul Ghaffar Al Khaja, Director of the Government Accounts Department, explained that embracing cloud applications will drive a unified integration spanning the government’s supply chain, finance, and resources. This unification conforms to international best practices, presenting users with a clearer, more adaptable approach to data management, resulting in optimised transactional processes and enhanced data security that leverages advanced technologies provided by the cloud service provider.

Furthermore, His Excellency Marwan Al Ali extended his appreciation to the department’s strategic partners from governmental entities and national financial institutions. He expressed deep gratitude for their unparalleled backing in the department’s journey towards innovation and growth and their role in introducing unique and pioneering services to all involved parties. He also highlighted that the joint endeavours and synergy with these partners, in tandem with the department, have been instrumental in achieving these notable milestones.

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