FORGET REGIONAL, UAE BLUE-CHIPS ARE CHASING GLOBAL: The AD Ports Group’s Dh2.5 billion buy of a Spanish logistics powerhouse is not limited to make its presence felt in any particular market or region. Not by a distance. Noatum Logistics already has a well-entrenched global presence, and that’s exactly what AD Ports Group craves. And stated as much – be one of the world’s biggest logistics and freight forwarding entities. UAE’s bluest of blue-chips are increasingly looking outwards to create catalysts that will drive the next round of top-line and bottom-line gains. Dubai’s DP World already has such a globalized presence, and others are fast getting to the same point. Think ADQ, IHC and Aldar, and in Dubai, the likes of Damac and Emaar have become true globetrotters. The region is no longer enough…(By Manoj Nair, Business Editor)
Photo Courtesy of Abu Dhabi Ports