AD Ports Group signs agreement with CMA CGM Group to acquire minority stake in Latakia International Container Terminal in Syria

AD Ports Group has signed a Joint Venture and Shareholders agreement with CMA CGM Group, to acquire a 20% stake in the Latakia International Container Terminal (LICT) for AED 81 million (USD 22 million). 

LICT is Syria’s primary maritime gateway handling over 95% of the country’s container volumes, especially for agricultural products and industrial goods.

This new partnership will drive the modernisation of terminal infrastructure, digital systems and operational performance, with a strategic focus on restoring Latakia’s role as a vital trade gateway for Syria and the Eastern Mediterranean, thereby supporting enhanced trade flows and long-term economic growth.

CMA Terminals has been operating LICT since 2009 and has signed an amended 30-year concession agreement last May. LICT’s current capacity stands at 250K TEUs with plans to increase it to 625K TEUs by the end of 2026.

Additionally, GFS, AD Ports Group’s 51%-owned container feeder shipping company, is well-positioned to start a couple of services on the East Mediterranean side that would include calling Latakia port.

This new partnership between AD Ports Group and CMA CGM Group further strengthens and expands their relationship, highlighted a release.

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