ADQ owned Abu Dhabi Ports has acquired regional integrated logistics service provider MICCO Logistics.
The move is expected to improve Abu Dhabi’s position as an international hub for trade and logistics.
“We are collaborating with Abu Dhabi Ports to transform its logistics arm into one of the largest, most capable and most cost-efficient providers of fully integrated and holistic logistics solutions in the UAE and beyond. This reflects ADQ’s key role in stimulating economic development and growth through our logistics cluster while further strengthening Abu Dhabi Ports’ strategic position as a leading provider of integrated port and industrial zone services and a facilitator of global maritime trade and logistics.”
Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports, said, “The acquisition of MICCO is a critical step in our emirate’s journey to establish itself as a leading hub within the global trade and supply chains.
“The combined advantage of both organizations means that Abu Dhabi Ports will be able to compete on the regional and global stage as a provider of holistic logistics solutions, enhancing what we offer to both existing and prospective customers, while at the same time furthering our contribution to Abu Dhabi’s non-oil GDP and the government’s diversification efforts.”
one of the region’s largest holding companies, ADQ has a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.
Abu Dhabi-based MICCO Logistics which was founded in 1978 is one of the first local freight forwarders and the first businesses to offer consolidated freight services to the emirate’s oil and gas industry.
With a modern ground fleet comprised of more than 350 prime movers with a diversified fleet of trailers, specialized storage facilities, MICCO’s diverse portfolio of logistics solutions include freight management in Project, Contract, and Commercial Logistics, multi-modal transport, warehousing and distribution, stevedoring, as well as road feeder services for the aviation segment.