AD Ports Group revealed on Tuesday that Maqta Gateway, its digital arm specializing in cutting-edge trade digitalization solutions, has acquired a 60 percent equity stake in Dubai Technologies, a trade and transportation solutions developer based in Dubai.
The equity acquisition deal is valued at approximately AED28 million.
Dubai Technologies has developed Minato, an intelligent ports’ operations management platform, along with four transportation platforms and nine white-label solutions customized for digitally focused government bodies in the region.
AD Ports Group aims to enhance logistics with the acquisition, integrating Dubai Technologies’ offerings into Maqta Gateway’s single-window solution for ports’ digitalization. This move is expected to yield cost synergies across all international ports managed by AD Ports Group.
The transportation platform developed by Dubai Technologies includes fleet management, passenger transportation, smart driving analytics, and waste transportation management. These solutions can improve logistics efficiencies in hinterland and industrial zones’ operations.
The acquisition not only broadens Maqta Gateway’s digital trade portfolio but also strengthens its in-house capabilities, driving cost synergies and reinforcing its position as a leading developer of digital trade solutions.
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, emphasized that the acquisition aligns with the group’s strategic plans to become a prominent integrated digital trade solutions provider in core markets. He highlighted the enhanced technical capabilities acquired through the investment, which will enable the delivery of differentiated services to international markets while offering superior operational efficiencies.
Ahmed Alrafi, Founder of Dubai Technologies, expressed optimism about the acquisition, stating that it would provide the company with broader access to international markets and greater opportunities. Alrafi will retain a 40 percent stake in the company, and the existing leadership team will continue to manage operations to achieve strategic growth objectives.